Stories Tagged 'World bank'
Faris Hadad-Zervos, the World Bank’s new Country Manager for Nepal, arrived in Kathmandu on Tuesday to take up his position.
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The World Bank warned in its Nepal Development Update 2018 that the ratio of public borrowing to gross domestic product (GDP) would rise alarmingly with the government facing a high fiscal deficit due to the unmanaged annual budget and implementation of a federal system.
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Nepal’s move from unitary to federal government system has enabled local bodies and provinces to design policies, make decisions, introduce budget and deliver public goods and services on their own.
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The World Bank has approved a credit of $300 million to rebuild private houses destroyed by devastating earthquakes of April and May, 2015.
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The completion date of the Kabeli corridor has been affected after the World Bank—a Washington based multilateral lending agency—pulled its assistance due to the delay in construction work.
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The World Bank has approved a US$80 million (approximately 8 billion rupees) loan for a Livestock Sector Innovation Project.
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