header banner
POLITICS
#CabinetDecision

Govt forms team for $115 million ADB loan talks

The meeting decided to form a negotiation team, led by a Joint Secretary at the Ministry of Finance, to finalize the financial agreement and related documents for a concessional loan of $115 million to be received from the Asian Development Bank. The loan is intended for the Integrated Water Supply and Sewerage Management Sector Project.
alt=
By REPUBLICA

KATHMANDU, April 23 : A Cabinet meeting held at Singha Durbar on Thursday concluded with three key decisions, according to the government.



The meeting decided to form a negotiation team, led by a Joint Secretary at the Ministry of Finance, to finalize the financial agreement and related documents for a concessional loan of $115 million to be received from the Asian Development Bank. The loan is intended for the Integrated Water Supply and Sewerage Management Sector Project.


Related story

ADB provides USD 150 million concessional loan for SASEC Airpor...


The Cabinet also decided to form a study task force under the coordination of the Information and Communication Technology Advisor to review software and IT-related systems across government agencies. Minister for Education Sasmita Pokharel shared details of the decision.


In another decision, the cabinet scrapped its earlier decision dated August 17, 2018, which had transferred the entire land of the National Police Training Academy in Maharajgunj—spanning 114 ropani and 3 aana—to the Office of the President. The meeting has now decided that the land will remain in use by the National Police Training Academy as before.


 

Related Stories
ECONOMY

ADB provides Rs 7.08 billion in loan

1600231910_ADB-1200x560_20211127125414.jpg
ECONOMY

ADB to provide 50 million US dollars loan to Nepal

dollar.jpg
ECONOMY

$120 million loan ADB loan for education sector

$120 million loan ADB loan for education sector
Market

ADB supports Nepal’s digital transformation toward...

ADB_20230708130056.png
ECONOMY

Govt signs ADB loan for power transmission, distri...

Govt signs ADB loan for power transmission, distribution