World Bank approves Rs 54 billion loan to Nepal

Jun Thu 2020 04:39:09

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World Bank approves Rs 54 billion loan to Nepal

The World Bank will provide Rs. 54 billion as loan to the Government of Nepal.

The amount was approved by the bank today to pave the way for the restoration of the economic situation after the epidemic of Kovid-19 through wider cross-border trade by improving roads and maintaining safety, and to provide employment opportunities especially to women.

The Bank has expressed confidence that the funds sanctioned for the improvement of Nagdhunga-Naubise-Muglin road section and upgrading of Kamala-Dhalkewar-Pathlaiya road will increase the Nepal Strategic Road Link and Trade Improvement Project as well as regional road link.

The strategic road connectivity and trade reform project will be important to increase connectivity and trade with India and other countries.