Kathmandu, April 25 (IANS) China has emerged as one of the top five bilateral donors to Nepal in fiscal 2014-15 in terms of funds disbursed, Nepal's Finance Ministry said on Monday.

Chinese aid of $37.94 million was disbursed in the 12-month period which made China the fourth largest bilateral donor behind the UK, the US and Japan, according to the country's Development Cooperation Report 2014-15. Switzerland is the fifth largest donor, reports Xinhua news agency.

"China has also provided technical assistance through scholarship, trainings and study tours conducted in China which is not fully reflected in the total volume of assistance," read the report.

This figure does not cover the assistance China announced during the global conference of last year for Nepal's post-earthquake reconstruction.​