The new Government has made it abundantly clear that additional resource mobilisation of resources through Externally Aided Projects is the main focus.
It is proposed that this will be driven in a concerted and coordinated manner by the Finance Department itself through a dedicated cell created by name LEAPs (Lead EAPs).
LEAP would handhold the departments in developing the projects, facilitate interaction with external aid agencies including new sources such as BRICS Bank, Asian Infrastructure Investment Bank (AIIB) in addition to the existing ones like World Bank, ADB, JICA, etc.
This cell would also ensure smooth flow of funds and monitoring of progress of the EAPs through structures such as committees headed by the higher levels of the Department and Government.
There are 18 ongoing Externally Aided Projects in the State and are at various stages of implementation. The new Government lays special emphasis in mobilising additional resources from fund agencies to take up many more projects during next few years. New agencies such as BRICS Bank, AIIB, etc will also be approached.
Source:WhitePaper
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Lead EAPs(Externally Aided Projects)
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Preparation of Project Concept Notes for External Funding
