Asian Development Bank Archives

Nepalese government to receive USD 100 million concessional loan from ADB

The Government of Nepal and the Asian Development Bank (ADB) have formalized an agreement for a concessional loan totaling Rs 13.3 billion (USD 100 million). The accord, signed by Finance Secretary Krishna Hari Pushkar and ADB Nepal’s Regional Country Director Arnaud Cauchois at the Ministry of Finance, is earmarked for advancing crucial programs in Public […]

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ADB announces more investments for projects in Pokhara

The Asian Development Bank (ADB) has renewed its commitment to develop Pokhara, Kaski, focusing on sustainable tourism and vital infrastructure. Senior ADB expert Arun Ramamurthy met Mayor Dhanraj Acharya to discuss ongoing and potential projects. ADB has backed key projects like the Pokhara-Mugling road extension, aligning with the city’s tourism goals as well as the

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World Bank: Nepal to have an economic rebound

Nepal’s economy faced challenges in the current fiscal year, but both the World Bank and the Asian Development Bank foresee a rebound in economic growth in the coming years, with varying projections for fiscal year 2024 (FY24) and beyond. The World Bank reported that Nepal’s GDP growth is expected to contract by 1.9 percent in

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Finance Ministry signs loan agreement worth Rs 18.25 billion with ADB for power grid modernisation

The Ministry of Finance (MoF) has signed a loan agreement worth Rs 18.25 billion for the modernisation of Nepal’s electric grid with Asian Development Bank (ADB). The agreement was signed by MoF Joint Secretary Shree Krishna Nepal and ADB Office in- Charge for Nepal Residential Office, Rudy Van Dale amid a function held in Kathmandu

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ADB approves $200 million loan to modernize power supply, distribution system in Nepal

The Asian Development Bank (ADB) has approved a $200 million concessional loan to improve power supply and distribution systems in Nepal. In a press statement ADB said, “Nepal has made significant progress in electricity supply after years of chronic power shortages. However, its power transmission and distribution systems need further strengthening to increase network capacity,

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Asian Development Bank

Nepalese government to receive USD 100 million concessional loan from ADB

ADB announces more investments for projects in Pokhara

World Bank: Nepal to have an economic rebound

Finance Ministry signs loan agreement worth Rs 18.25 billion with ADB for power grid modernisation

ADB approves $200 million loan to modernize power supply, distribution system in Nepal

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