Stories Tagged 'Asian development bank'
Nepal has received a $1 million grant from the Asian Infrastructure Investment Bank (AIIB) to upgrade its electricity transmission and distribution system under the Power Distribution System Upgrade and Expansion Project which will be implemented by the Nepal Electricity Authority (NEA).
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The Asian Development Bank (ADB) has remained Nepal’s key development partner since 1966. Over these years, the Manila-based multilateral lending institution has provided assistance totalling $5.25 billion. The ADB’s current portfolio in Nepal consists of 35 projects.
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Asian Development Bank (ADB) Vice-President Wencai Zhang met with Prime Minister of K P Sharma Oli during a two-day visit to Neplal.
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A breakthrough ceremony was organised on Thursday to mark the completion of the excavation of the longest tunnel in Nepal.
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The Asian Development Bank (ADB) has made an upward revision of Nepal’s economic growth forecast for the current fiscal year beginning mid-July by 0.2 percent to 4.9 percent, attributing it to a better-than-expected paddy harvest despite the August floods.
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The Asian Development Bank (ADB) has forecasted 5.5 per cent of Gross Domestic Product (GDP) growth in Nepal in the coming fiscal year 2018/19.
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