KATHMANDU, October 11: The government has decided to take concessional loans of US $100 million (approximately Rs 14.25 billion) from the Asian Development Bank (ADB) for the Public Financial Management Reform and Service Delivery Transfer Program.
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A cabinet meeting held on Thursday decided to take borrowing as a supplement to the government budgetary system from one of the main donor organizations. For this purpose, the government is set to form a negotiation team to be led by a joint-secretary at the Ministry of Finance.
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