Foreign Aid in Nepal

Pandey, Kiran Bahadur

doi:10.3126/ejdi.v23i1-2.19065

Cited by 4 publications

(4 citation statements)

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“…Foreign aid has been recognized as the most crucial factor in enhancing the overall economic development of a country, especially in meeting basic needs, reducing poverty and even addressing financial crisis. Foreign aid means resources given by developed countries and international organizations to developing countries to help them with their welfare and well-being (Pandey, 2017;Thapa, 2017).…”

Section: Foreign Aid In Nepalmentioning

confidence: 99%

Foreign Aid and Agricultural Development in Nepal

Bhandari

2024

NCWA Ann. J.

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The history of foreign aid for agricultural development began in 1951 under the Point Four Program of the United States to strengthen Nepal’s democratization process and human resources development. Answering the questions related to the trend of foreign aid inflow, its impact on the development of the agricultural sector and the contribution of the agricultural sector to Gross Domestic Product make the theoretical framework of the paper. Secondary data analysis was the method employed to seek the answers. The results suggest that the per capita total outstanding debt was NPR 50,000 in FY 2076/77 BS, foreign aid and its disbursement increased over the period of 5 years, but its functional use in the agricultural sector had declined sharply to 1.1% at the end of the five years. The agricultural sector had the lion’s share of 25.12% of total GDP in 2076/77 BS. The production status of rice and other cereals has increased slightly but not significantly. However, rice import has increased sharply (788,492 mt) at the end of FY 2076/77 BS, i.e., 36.6 times more than the 22,802 mt at the beginning of FY 2072/73 BS. Even then data shows a positive relationship between the inflow of foreign aid and the development of agriculture in Nepal, foreign aid is inversely related to the import of rice during the time of the studied period.

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Section: Foreign Aid In Nepalmentioning

confidence: 99%

Foreign Aid and Agricultural Development in Nepal

Bhandari

2024

NCWA Ann. J.

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“…They concluded that foreign aid has a positive effect on the economic growth and development of Nepal. Pandey (2017) analyzed that aid is essential for developing countries like Nepal to fulfi ll the gap between income and expenditure. Pandey concluded that foreign aid plays an important role in achieving higher and more sustainable development in Nepal, and priority should be based on the potential and needs of Nepal.…”

Section: Review Of Literaturementioning

confidence: 99%

Contribution of Foreign Aid to the Economic Growth of Nepal

Saud

2023

Sudurpaschim Spectrum

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Foreign aid is an important factor for the rapid economic development, growth, and fulfillment of resource gaps in developing countries like Nepal. This paper analyzes the contribution of foreign aid and other foreign inflows of capital like foreign direct investment (FDI) and remittances to the GDP of Nepal. This paper examines the role of foreign aid on the economic growth of Nepal by using secondary time series data from 1996/97 to 2019/20. This paper also used the data series of the same period for trend analysis of foreign aid in Nepal. The secondary data obtained from the World Bank-World Development Indicator has been analyzed using ordinary least squares regression. This paper uses GDP as a dependent variable, foreign aid as a major independent variable, and FDI and remittances as supporting independent variables. The empirical results of this paper prove that there is a positive and significant relationship between GDP and foreign aid inflow to Nepal. The empirical results also prove that there is a positive and significant relationship between GDP and remittances. Similarly, there is also a positive and significant relationship between GDP and FDI.

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“…Foreign aid made its debut in Nepal in the form of the then Point Four Program Agreement with theUnited Statessome three-quarter centuries ago in January 1951 during the dying days of the Rana rule (Pandey, 2017). Whileit has been a subject of sustained controversy and criticism ever since its inception, it is also credited with the ability it conferred on post-Rana governments in the country to project their benign image to the people.…”

Section: Introductionmentioning

confidence: 99%