Review Nepal News

World Bank to provide 440 million US dollars concessional loan assistance to Nepal

Review Nepal News
  Kathmandu, Nepal      January 21 2018

 

Kathmandu, Nepal: The World Bank (WB) has agreed to provide 440 million US dollars concessional loan assistance to Nepal for the purpose of implementation of three WB assisted projects in the country. 

Finance Secretary Shankar Prasad Adhikari and WB country director Qimiao Fan signed in an agreement in presence of Finance Minister, Gyanendra Bahadur Karki, and Vice-President of World Bank for the South Asia Region, Annette Dixon amind a function organized at the Finance Ministry on Sunday. 

It is said that the assistance will be spent for the implementation of Enhanced Vocational Education and Training Project II (EVENT-II), Livestock Sector Innovation Project (LSIP) and Earthquake Housing Reconstruction Project (EHRP).