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KATHMANDU, May 31-- Nepali government has removed minimum threshold for most types of foreign assistance as the Himalayan country aims to receive maximum aid either in the form of grant or loan to spearhead its development activities. Shreekrishna Nepal, chief of international cooperation coordination division at the Nepal's Finance Ministry told Xinhua on Friday that the minimum threshold was removed as per the government's aim of maximizing finances for graduating country to developing country from least developed status at first and stated goal of transforming the country into middle income country by 2030. "Instead of telling the donors 'No' to their small grant or loan, the policy aims to streamline small assistances into pool fund to use them into single large project," Nepal said. "Question also arises whether to accept aid 4.5 million U.S. dollar if we keep threshold at five million U.S. dollar for grant," said the official. According to new Development Cooperation Policy released by Nepal's Finance Ministry on Thursday, minimum threshold set for receiving grant and commercial loan has been removed. Such threshold has been maintained only for receiving concessional loan that Nepal has been receiving from multilateral development partners such as the World Bank and the Asian Development Bank. The new Development Cooperation Policy which replaced the old one introduced in 2017 was released after the Nepal's cabinet approved it this week. | 
