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Bank has been granted this award for the fifth time since 2015, the start of the annual awarding. The awards are presented by Asian Development Bank to its best international partners for active and reliable cooperation.
KATHMANDU, Sep 1: Nepal Bank Limited has signed an agreement with the Asian Development Bank (ADB) under ADB’s Trade and Supply Chain Finance Program (ADB TSCFP). The program supports international trade and development by providing loans and guarantees to address the need for trade financing.
News and Press Release in English on Sri Lanka about Recovery and Reconstruction and Other; published on 29 May 2023 by ADB
The financing partners of the Asian Development Bank (ADB) committed $11.4 billion in cofinancing of ADB projects in 2022 to help build the resilience of developing member countries and enable them to withstand economic shocks, according to the Partnership Report 2022: Driving Growth, Boosting Resilience.
ADB has approved a $350 million special policy-based loan to provide budget support to Sri Lanka for economic stabilization. The program is part of a broader package of financial assistance anchored by the International Monetary Fund’s Extended Fund Facility for the country, which aims to stabilize the economy and lay the foundation for economic recovery and sustained growth.