Financial Times

North-East Reconstruction Fund revived

The government has revived plans for a separate mechanism to disburse foreign aid and supervise projects in the north-east, World Bank country director Peter Harrold said.

The North-East Reconstruction Fund (NERF), the multilateral mechanism to disburse grant funds to the north-east managed by the World Bank, is to be re-activated, he said.

Such foreign aid is channelled through the government to the North-East provincial council and then to government agents and individual projects.

"Such a mechanism helps the peace process by bringing all parties (in the conflict) together to work together on a common aim," Harrold said.

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