Govt to accept World Bank’s concessional loan

Published On: July 7, 2022 10:35 AM NPT By: Republica  | @RepublicaNepal

KATHMANDU, July 7: The government has decided to accept the concessional loan of 59.6 million SDR to be provided by the World Bank for governance of drinking water sector and infrastructure assistance. 

Sharing the information about the decisions of the Cabinet meeting held on Tuesday, Minister for Communications and Information Technology Gyanendra Bahadur Karki said that the meeting endorsed the Armed Police Force (Second Amendment), 2079.

Similarly, in a bid to promote modern and climate-friendly clean energy and to reduce greenhouse gas emission, the government decided to accept the grant assistance of 21 million US dollars.

The cabinet meeting also decided to accept 8 billion US dollars to be provided by the Korean Republic for the establishment of the cyber bureau of Nepal Police.

Similarly, the economic and financial assistance of Euro 4.5 million to be provided by the EU would be accepted for promotion of green and renewable energy.

The government also decided to withdraw Nepal Citizenship Act, 2063. Every Baisakh 1 would be observed as land registration day as per government decision.

Among other things, the cabinet meeting appointed Dr Amar Raj Giri, Prof Dr Krishna Prasad Neupane, Matrika Prasad Pokhrel, Gopalji Prasad Saraf and Mrit Yonjan Tamang as members of the Language Commission.


Leave A Comment