Stories Tagged 'World bank'
The World Bank on Wednesday provided financial assistance of $155.7 million to the government to invest in the construction and maintenance of safe, resilient and cost-effective bridges in Nepal and improving food security of vulnerable households and communities.
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The government and the World Bank signed two agreements totaling $200 million (Rs23.5 billion) as budgetary support to underpin a programme of critical reforms in Nepal’s financial and energy sectors.
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The World Bank has approved $100 million under the Nepal Energy Sector Development Policy Credit programme, which aims to implement key policies and regulatory and institutional measures. This is the first loan that the multilateral lending organisation has approved in the country’s energy sector.
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The government and the World Bank signed a financing agreement of $15 million to strengthen the country’s Public Financial Management sector, on Friday. According to a press statement issued by the multilateral lender, the funds will be used to finance the integrated Public Financial Management (PFM) Reform Project.
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Tags: world bank
The World Bank has agreed to provide financial assistance to the Roads Department to build 14 bridges on the Muglin-Narayanghat road, the Kathmandu Valley’s key supply line which is currently being upgraded from single lane to double lane.
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International Finance Corporation (IFC), a member of the World Bank Group, has extended support to Nepal Rastra Bank (NRB), the central monetary authority of Nepal, in developing the country’s first Environmental and Social Risk Management (ESRM) guidelines for the financial sector.
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