While commenting on a
news report published by a section of
media on 22-10-2017 regarding utilization of
project loans, the spokesman of the Ministry of Finance has said that report does not portray facts as they actually
exist. To assume that commitments be disbursed immediately and otherwise to
classify them as unspent amounts based on inefficiency is not appropriate
rather misleading as the funds do not remain unutilized rather are to be
employed during the commitment period i.e. from 2015 till 2020-2023.
At an average 25-33%
disbursements are made annually depending upon implementation period of the
portfolio.
The Spokesman further said as of September
2017, the World Bank has disbursed US$ 2.2. billion out of an allocation of US$
5.4 billion and the portfolio disbursement stands at around 40%. Similarly, the
ADB has disbursed US$ 1.9 billion out of an allocation of US$ 5.8 billion and
the portfolio disbursement stands at 32% and for China US$ 4 billion stands
disbursed against an allocation of US$ 9 billion and the portfolio
disbursements stand at 44%.
Since
development partners make performance based allocations (PBA) a trend showing
enhanced commitments and allocations has been observed and future commitments
are being enhanced significantly.
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