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World Bank Supports Nepal's Recovery from Covid-19 Pandemic
Kathmandu: The Government of Nepal and the World Bank signed Sunday a $150 million concessional loan agreement to support Nepal's resilient recovery from the covid-19 pandemic, protect the most vulnerable, and support sustainable growth.
The agreement was signed by the Finance Secretary, Sishir Kumar Dhungana on behalf of the Government of Nepal and the World Bank Country Director for Maldives, Nepal, and Sri Lanka, Faris Hadad-Zervos.
"The project will help Nepal build back better and greener through reforms to the tax and customs systems, public investment management, environmental regulations and debt management," stated Sishir Kumar Dhungana, Finance Secretary of Nepal, in a press release issued on Sunday.
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Government of Nepal and World Bank Sign $150 Million Agreement to Support Nepal’s Resilient Recovery
The Government of Nepal and the World Bank today signed a $150 million (Rs. 17.78 billion) concessional loan agreement to support Nepal’s resilient recovery from the COVID-19 pandemic, protect the most vulnerable, and support sustainable growth.
The agreement was signed by the Finance Secretary, Sishir Kumar Dhungana on behalf of the Government of Nepal and the World Bank Country Director for Maldives, Nepal, and Sri Lanka, Faris Hadad-Zervos.
“The project will help Nepal build back better and greener through reforms to the tax and customs systems, public investment management, environmental regulations and debt management,” stated Sishir Kumar Dhungana, Finance Secretary. “The proposed budgetary support will be utilized in the physical infrastructural projects and economic recovery sectors as per the requirement and priorities of the Government of Nepal.”
Sri-lankaMaldivesNepalSishir-kumar-dhunganaFaris-hadad-zervosWorld-bank-countryWorld-bankResilience-development-policy-creditFinance-secretaryWorld-bank-country-directorFiscal-policySri-lanka