Just an update on what is going on with the loan from BBC's Navin Singh Khadka on today's eKantipur.
Constituent Assembly member Ram Sharan Mahat who had raised the issue in the Parliament said the government had to clarify what is the loan about. “We will be inviting Finance Ministry officials in the finance committee of the parliament to discuss this issue” he told the BBC Nepali service. “In the name of dealing with climate change, we do not want to end up taking loan for non-productive areas.”
Environment ministry officials have repeatedly stressed that the loan money would go to productive sectors such as hydropower, irrigation, development of climate-conducive seeds, among others. “We have repeatedly said that this money is not going for adaptation projects.”
Civil societies and non-government organisations opposing the loan argue that climate change is the result of rapid industrialisation in rich economies so they must pay for it and not lend money to poor and vulnerable countries instead.
Constituent Assembly member Ram Sharan Mahat who had raised the issue in the Parliament said the government had to clarify what is the loan about. “We will be inviting Finance Ministry officials in the finance committee of the parliament to discuss this issue” he told the BBC Nepali service. “In the name of dealing with climate change, we do not want to end up taking loan for non-productive areas.”
Environment ministry officials have repeatedly stressed that the loan money would go to productive sectors such as hydropower, irrigation, development of climate-conducive seeds, among others. “We have repeatedly said that this money is not going for adaptation projects.”
Civil societies and non-government organisations opposing the loan argue that climate change is the result of rapid industrialisation in rich economies so they must pay for it and not lend money to poor and vulnerable countries instead.
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