One should really wonder what our country (Nepal) would be, if it starts falling in short of foreign grants and donations. I believe politicians and national economists well know that the current account balance of our country’s international trade is negative and Balance of Payment (BOP) is artifically positivisezed by foreign grants and donations. Could the government still make the public relax by saying that, the remittances are high enough for the country to not depend upon foreign grants? Can there be a statistical evidence for that?
Whatsoever, foreign grants has still become a major back-up to at least let the BOP of our nation remain positive. But, would the international community would be so generous enough to keep making donations in the country, with so much of unaccountability and irresponsibillity flourishing in the government (the actual receiver and technically the mobilizer of the grants). I believe it is time for the government to think GLOBAL rather than LOCAL. In other words, i think there are tons of other developing and under-developed nations that are seeking grants from these IGOs and developed nations. There practically has been created a some sort of a competition amongst the developing nations to retrieve financial (and technical) donations. And on the other hand, the developed ones has array of choice to choose to whom to grant for.
Well, whatsoever is the situation, the one thing that would impress the donators to make their donation is, how effectively will the country (the donatee) utilize and mobilize the fund they receive from them? or simply, which countries knows the value of the limited resource and the ultimate opportunity. Though, there are numerous concerns that would influence the decisions of the donating community, this particular concern is one of the most influencing and most easily understood one. Yet, the politicians of our nation are practically nullifying it. It wasn’t much ago, that the Thai government could not execute a scholarship plan because they simply could not see any positive results for doing so, the explanation the Thai-embassy gave was that, the Ministry of Education for Nepal. has not yet figured out, the potential competitiveness of the country amongst the other international community, on which the nation would want to develop its Human Resource for the development of that particular competitiveness, in order to reach the final goal, which is national development. Meaningfully, what the Thai-government wanted was called positive results of their financial generosity. Well, the major concern is, if the government keeps ignoring the significance of developing a positive perspective amongst the international community, it won’t be soon, that the nation will run out of donations, in having its BOP imbalanced and finally having the economy collapsed in a short-term vision.
It is one thing, for a nation to become independent to financial grants, but by looking at the current status of our nation, we should at least be able to exploit the present opportunity, i.e. the foreign grants
Analytical Perspective on Economics 