ADB’s investment in Nepal by 2022 is 4 trillion 20 billion NRs

April 22- Kathmandu – The Asian Development Bank (ADB) has announced that by 2022, about 4 trillion 20 billion NRS has been invested in Nepal’s energy, transportation, agriculture, drinking water, urban infrastructure, service sector, rural development, and natural resources, health, and education by ADB.

ADB Director General Kenichi Yokoyama has said that the Asian Development Bank has been investing a large amount in various projects in Nepal, but the problems of the Asian Development Bank’s project implementation should be actively addressed and special attention should be paid to that matter.

In a two-day discussion organized to provide information on the field and performance of projects in Nepal (Country Portfolio), Minister of Finance Prakash Sharan Mahat said that the government is committed to improving the capital expenditure to address the challenges of Asian Development Bank project implementation and delivery and to address the people’s desire for development.Projects such as Urban Water Supply and Sanitation Project, Bagmati River Basin Improvement, Rural Enterprise Finance Project and Power Transmission and Distribution Efficiency Enhancement Project were awarded in the program which were supported by ADB.

Nepal to borrow $275 million from the World Bank

The government has decided to take a soft loan of $275 million from the World Bank.

Government Spokesperson Gyanendra Bahadur Karki informed that the decision was taken by the meeting of the Council of Ministers.

According to Karki, this loan has been approved for the transport and trade relations enhancement program.

Karki also informed that it has been decided to form a negotiation team to receive a 12 million dollar grant from the Asian Development Bank for the strengthening and empowering women’s protection program.