Govt agencies even couldn't use confirmed assistance
Sat, Jul 29 2017, 12:00 am
A year-on-year steep rise in foreign-aid commitments virtually jammed the pipeline as disbursement didn't increase proportionately mainly for failure to execute projects in time, sources said.
Failure in utilisation of all the confirmed loans and grants resulted in the ballooning of the foreign assistance in the pipeline-as much as $35.80 billion till the just-concluded financial year (FY) 2016-17, official data showed.
Officials also blamed Friday complex procedure and procrastina...read more