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Donor-funded projects defaulting audits, flouting rules

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KATHMANDU, May 9: Some donor-funded projects have been found to have failed to complete auditing on time and to be flouting the Public Procurement Act of Nepal.



Finance Secretary Shanta Raj Subedi voiced the concern at a meeting with representatives of donor agencies held on Thursday at the Ministry of Finance.[break]



“We need to discourage the trend of foreign-assisted projects from ignoring timely audits and from following their own directives by ignoring the existing Public Procurement Act in the course of project implementation,” Subedi said while chairing the first meeting of Nepal Portfolio Performance Review (NPPR) -- a dialogue with donor agencies to evaluate the performance of foreign-funded projects in Nepal.



Subedi also expressed his commitment in removing any problems that can arise in the implementation of donor-assisted projects.



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