loan

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 […]

Nepalese government to receive USD 100 million concessional loan from ADB Read Post »

ADB approves $3 million grant to support Nepal against COVID-19

The Asian Development Bank (ADB) has approved a $3 million grant from its Asia Pacific Disaster Response Fund (APDRF) to further support Nepal in its fight against the coronavirus disease (COVID-19) pandemic. The grant, which is financed by the Government of Japan, will be used for emergency support for the improvement of quarantine facilities to effectively manage

ADB approves $3 million grant to support Nepal against COVID-19 Read Post »

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,

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

Aawaaj News & Research is an independent news portal from Nepal reporting exclusively on social and political issues in a bid to raise awareness, inspire action, and bring about change on the same.

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