Govt decides to accept USD 150 million concessional loan from WB

Published On: February 1, 2022 04:30 PM NPT By: Republica  | @RepublicaNepal

KATHMANDU, Feb 1: The government has decided to accept a concessional loan amounting to USD 150 million from the World Bank.

A talks team has been formed to proceed ahead with the loan procuring process to be provided to Nepal under the ‘Finance for Growth Development Policy Credit’.

Unveiling the decision of the Cabinet meeting convened on January 31, Minister for Communications and Information Technology, Gyanendra Bahadur Karki shared the information here on Tuesday.

The meeting also decided to waive fees for deposit and permit to the expedition team of the Nepali Army. The decisions include granting approval in principle to the Ministry of Education, Science and Technology to start the process to establish a hospital for teachers.

The government decided to declare a public holiday all over the country on February 2 on the occasion of Sonam Lhosar, informed Minister Karki. As per the decision, former chairperson of Nepal Press Union Samir Jung Shah has been appointed the chairperson of the state-owned Nepal Television for a maximum four-year term.

Prof Dr Shilu Manandhar has been appointed as the vice-chancellor of Nepal Open University. Joint-Secretary Ramesh Dangal has been promoted as the secretary of the government. Jurisdiction has been determined for the Land Revenue Office and Office of Survey, according to Karki.

The meeting also fixed the minimum price of unprocessed milk at Rs 56.4 per liter.

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