Subscribe free to our newsletters via your
. Space Travel News .




DISASTER MANAGEMENT
Donors pledge $4.4bn in aid to quake-hit Nepal
By Paavan MATHEMA
Kathmandu (AFP) June 25, 2015


Quake-devastated Nepal Thursday hailed international donors, led by India and China, for surpassing expectations and pledging $4.4 billion for reconstruction, as the country's premier vowed "zero tolerance" of corruption and said all aid would go to victims.

The country needs around $6.7 billion to recover from the April disaster, which killed more than 8,800 people, destroyed nearly half a million houses and left thousands in need of food, clean water and shelter.

As the meeting of foreign donors ended late Thursday, Finance Minister, Ram Sharan Mahat, told reporters that the fundraising drive had been "a grand success".

"The total pledge made today was $4.4 billion, which was more than expected... $2.2 billion in loans and $2.2 billion in grants," Mahat said.

In an interview with AFP prior to the one-day conference, Mahat said the government did not plan to finance reconstruction using only foreign funding.

"We will not entirely depend on foreign assistance... we will use our internal revenue also to rebuild our country," he said.

As the meeting kicked off, India's Foreign Minister Sushma Swaraj pledged $1 billion while regional rival China promised 3 billion yuan ($483 million) in assistance.

Nepal's two giant neighbours have historically vied for influence in the Himalayan nation and both were heavily involved in post-quake rescue and relief efforts.

Additional pledges of $600 million from the Asian Development Bank, $260 million from Japan, $130 million from the US, $100 million from the EU, $58 million from Britain poured in through the day, supplementing an earlier offer of up to $500 million from the World Bank.

The government wants all aid to be channelled through a new state body, raising concerns among some international donors that bureaucracy and poor planning will hamper reconstruction.

Prime Minister Sushil Koirala urged delegates to work with Kathmandu and vowed "zero tolerance toward corruption".

"I assure you that we will (leave) no stone unturned in ensuring that the support reaches the intended beneficiaries," he said.

The UN says some 2.8 million people still require humanitarian aid, including access to food, sanitation and medical care, with its initial $423 million emergency appeal only generating $153 million in funding.

Nepal -- one of the world's poorest countries even before the disaster -- now needs fresh assistance to rebuild homes, schools and hospitals destroyed or damaged by the April 25 earthquake and a strong aftershock on May 12.

One in 10 people are homeless and the country's already weak economy is expected to grow just three percent, the lowest in eight years.

- 'Nothing left' -

In Kathmandu, victims of the disaster, still sheltering under tents, welcomed news of international assistance.

Sunita Shrestha, a 28-year-old housewife whose home collapsed in the quake, said, "if foreigners have come to help us then the Nepal government cannot step back... they will have to do something".

"We have nothing left... I am hopeful but not expecting much since the government has done nothing for us so far," Shrestha told AFP.

As pledges rolled in, participants said it was crucial to ensure the money was spent well.

"Money will be important for building back a more resilient Nepal... but it's not just about money," said World Bank president Jim Yong Kim in a video message to delegates.

"Just as important is how these funds are spent."

The international community pledged several billion dollars in aid to Haiti after a catastrophic earthquake struck the Caribbean nation in January 2010.

But the pledges yielded little tangible progress as donors delayed implementing projects due to concerns over corruption and political instability, leaving thousands living in temporary shelters five years on.

"Follow-up is extremely important -- when pledges are made, the government formulates its plans accordingly and if the money doesn't come, it throws everything out of gear," said Poonam Khetrapal Singh, the World Health Organization's regional director for South-East Asia.

"We have seen that happen in previous cases with devastating results so I think we will lose our credibility as members of the donor community if we don't act on our promises," Singh told AFP on the sidelines of the conference.

As donors vowed to deliver on pledges, officials urged Kathmandu to lay out a clear roadmap to recovery.

"Now that the pledges have been made, it is the government's responsibility to develop projects and programmes," said UN Under-Secretary General, Gyan Chandra Acharya.

"Once it has decided on the projects, it can call on donors and ask them to deliver early on funding," Acharya told AFP.

str-pm-ues-amu/as


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only


.


Related Links
Bringing Order To A World Of Disasters
A world of storm and tempest
When the Earth Quakes






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle




Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News





DISASTER MANAGEMENT
Quake-hit Nepal appeals for aid to rebuild country
Kathmandu (AFP) June 24, 2015
Nepal is to host a major meeting of donors Thursday to raise funds to rebuild the quake-devastated country, hoping to dispel doubts that money will be lost to corruption and reconstruction hamstrung by red tape. The twin earthquakes that struck in April and May killed more than 8,800 people, destroyed nearly half a million houses and left thousands in need of food, clean water and shelter. ... read more


DISASTER MANAGEMENT
Garvey Spacecraft selects Pacific Spaceport Complex

Sentinel-2A satellite ready for Launch from Kourou

Arianespace restructure signals major changes in company governance

NASA issues RFP for New Class of Launch Services

DISASTER MANAGEMENT
NASA Signs Agreements to Advance Agency's Journey to Mars

New study favors cold, icy early Mars

Scientists find methane in Mars meteorites

Red Planet Rising

DISASTER MANAGEMENT
Moon engulfed in permanent, lopsided dust cloud

Crashing comets may explain mysterious lunar swirls

Google Lunar X-Prize meets Yoda

China, Russia plan joint landing on the Moon

DISASTER MANAGEMENT
Different Faces of Pluto Emerging in New Images from New Horizons

One Month from Pluto

NASA Lets You Experience "Pluto Time" with New Custom Tool

Pluto probably a binary planet with largest moon Charon

DISASTER MANAGEMENT
Helium-Shrouded Planets May Be Common in Our Galaxy

Hubble detects stratosphere-like layer around exoplanet

Work-experience schoolboy discovers a new planet

Hubble in 'Oh Planet, What Art Thou?' 25th Anniversary Video

DISASTER MANAGEMENT
Communicating with hypersonic vehicles in flight

RS-25 Engine Fires Up for Third Test in Series

Boeing to Build Third All-Electric

Faster Than Light: China's Hypersonic WU-14 Getting on Pentagon's Nerves

DISASTER MANAGEMENT
Electric thruster propels China's interstellar ambitions

China Plans First Ever Landing On The Lunar Far Side

China ranked 4th among world space powers

3D printer making Chinese space suit parts

DISASTER MANAGEMENT
Comet probe Philae dials home, 'doing very well'

Scientists set plan for new tests with comet probe

Philae wake-up triggers intense planning

UCLA-led NASA mission provides closest ever look at dwarf planet Ceres




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement All images and articles appearing on Space Media Network have been edited or digitally altered in some way. Any requests to remove copyright material will be acted upon in a timely and appropriate manner. Any attempt to extort money from Space Media Network will be ignored and reported to Australian Law Enforcement Agencies as a potential case of financial fraud involving the use of a telephonic carriage device or postal service.