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World Bank assistance utilized well, says Vice President Schafer

Panauti, Kavre, September 27: The World Bank (WB)'s Vice President for the South Asia Region, Hartwig Schafer, has thanked the institutions, including the National Reconstruction Authority (NRA), and the Government of Nepal for properly utilizing its assistance for the post-earthquake reconstruction.

The World Bank has supported a total of USD 500 million (approx. Rs. 55 billion) for the reconstruction of private houses destroyed in the April 2015 earthquake.

Speaking at a program organized in Basnet Gaon of Panauti Municipality in Kavre, Schafer said that although the World Bank has worked in collaboration with various institutions, including the Nepal Government, it was most interested in the concerns of the public community.

Vice President Schafer said that he was happy to learn that all communities had worked together after the reconstruction and opined that the community should take more and more advantage from the assistance of the Bank. He also informed that there were plans to conduct more programs on reconstruction and livelihood.

Chief Executive Officer (CEO) of the NRA Sushil Gyewali said the World Bank is one of the largest among the international community and donor agencies supporting the reconstruction, and added that the reconstruction was progressing well with everyone's support.

He also said that the NRA was working on engaging more people who had completed private housing reconstruction in the livelihood programs by facilitating the beneficiaries with subsidized loans.

Deputy Mayor of Panauti Municipality Geeta Banjara said that the people were facing difficulty in accessing subsidized loans and requested to support in income generation activities.

The visiting WB Vice President Schafer and CEO Gyewali also interacted with the local people during the program. The local people shared their experiences of reconstruction of their houses during the interaction. Some of them shared about the difficulties they faced in reconstruction of their houses due to lack of financial resources.

During the visit, Vice President Schafer, CEO Gyewali and the World Bank Nepal Country Manager, Faris H. Hadad-Zervos, also observed the under-reconstruction Baluddar Secondary School. They also participated in a function organized at the school. They also participated in another program on inclusive entrepreneurship organized in Dhulikhel.

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