Review of World Bank-financed projects concludes

Published On: September 13, 2019 11:31 AM NPT By: Republica  | @RepublicaNepal

KATHMANDU, Sept 13: The government and the World Bank have jointly carried out a portfolio review of 24 World Bank-financed projects.

Issuing a statement on Thursday, the World Bank said that the review meeting was chaired by Minister for Finance,  Yuba Raj Khatiwada, and World Bank Country Director for Nepal, Sri Lanka, and the Maldives in the South Asia Region, Idah Z Pswarayi-Riddihough. Of the 24 projects with a total commitment of US$2.35 billion, 20 are investment projects (about $1.78 billion), three are for results operations (about $468 million) and one is development policy credit ($100 million), according to the World Bank.

These projects are spread across energy, transport, earthquake housing reconstruction, education, health, social protection, water and irrigation, agriculture and livestock, and public financial management sectors, according to the statement.

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