KATHMANDU, Sept 28: Nepal’s economy is likely to grow by 6.3% in the current Fiscal Year 2019/20, according to the latest projection of Asian Development Bank (ADB).

KATHMANDU, April 3: The Asian Development Bank (ADB) has estimated Nepal's economy to grow at 6.2% in fiscal year (FY) 2019 and 6.3% in FY 2020.

KATHMANDU, Feb 20: The Asian Development Bank (ADB) is partnering in a new professional network launched today in Kathmandu to promote more female practitioners in South Asia’s energy and power sector.

KATHMANDU, Dec 21: The Supreme Court on Thursday overturned its own three-year-old judgments that slapped jail sentences to two Agricultural Development Bank staffers convicted of defrauding the bank.

KATHMANDU, Dec 5: Patan High Court on Sunday issued an interim order against the contract award process for expanding the Kanchanpur-Kamala road, citing discrepancy in the eligibility criteria for contract bidders .

KATHMANDU, Nov 23: The Asian Development Bank (ADB) has said improving project implementation performance is the key to Nepal getting more funds for development.

ADB to provide US Dollar 343.9 million

November 20, 2018 16:06 pm

KATHMANDU, Nov 20: The Asian Development Bank has agreed to provide US Dollar 343.9 million as development assistance for two projects.

KATHMANDU, Oct 5: The Asian Development Bank (ADB) has announced to provide Nepal a loan of US$ 180 million to support improvement of East-West Highway.

KATHMANDU, Sept 27: The Board of Directors of the Asian Development Bank (ADB) has approved a loan of $130 million to improve access to community-managed water supply and sanitation in 20 urban municipalities of Nepal.

KATHMANDU, Sept 27: Asian Development Bank (ADB) has forecast Nepal's economy to grow by 5.5 percent in Fiscal Year 2018/19.

KATHMANDU, Sept 26: Nepal’s economy is anticipated to grow by 5.5% (at basic prices) in fiscal year (FY) 2019, down from 5.9% a year earlier says the latest Asian Development Bank (ADB) Nepal Macroeconomic Update.

DHAKA, July 6: The Asian Development Bank (ADB) on Friday approved a grant of $100 million to Bangladesh, the first half of an assistance package to develop basic infrastructure and services for refugees from neighboring Myanmar, the bank said.

KATHMANDU, June 15: The government has decided to recall Alternative Director of Asian Development Bank (ADB), Dr Som Lal Subedi.

KATHMANDU, June 15: The government has decided to recall Alternative Director of Asian Development Bank (ADB), Dr Som Lal Subedi.

MANILA, Philippines, May 5: Nepal has sought investment from the Asian Development Bank (ADB) on major infrastructure projects that can link urban and rural areas, support the implementation of federalism, provide grants for the earthquake reconstruction efforts, and finance programs to achieve Sustainable Development Goals (SDGs).

KATHMANDU, April 12: Asian Development Bank (ADB) has said that Nepal's economy is anticipated to grow by 4.9 percent in the FY2017/18, down from 6.9 percent of economic growth a year ago.

KATHMANDU, Mar 1: Women, the poor and excluded groups face various structural barriers in fully benefiting from Nepal’s energy sector, according to a new report of the Asian Development Bank (ADB). The recently released report entitled ‘Gender Equality and Social Inclusion Assessment of the Energy Sector’ assesses the status of energy access in Nepal, and their implications for women and the socially excluded.

KATHMANDU, Feb 24: The government has made a record high achievement in meeting target of both contract award and disbursement for the Asian Development Bank (ADB)-supported projects in 2017.

KATHMANDU, Feb 12: The Asian Development Bank (ADB) has agreed to provide US$ 100 million (Nrs. 10 billion) for Rural Connectivity Improvement Project.

ADB, loan assistance, Rs 15.4 billion

KATHMANDU, Nov 24: The Asian Development Bank (ADB) has appointed Mukhtor Khamudkhanov as its new country director for Nepal.

KATHMANDU, Nov 23: The Asian Development Bank (ADB) has appointed Mukhtor Khamudkhanov as new Country Director for Nepal.

KATHMANDU, Nov 1: Only about 25 percent of works of Gautam Buddha Airport has completed even though the project completion date is only two months away.

KATHMANDU, Sept 27: Asian Development Bank (ADB) has forecast the Nepali economy to grow only by 4.7 percent in Fiscal Year 2017/18.

KATHMANDU, Sept 25: The Asian Development Bank’s (ADB) Board of Directors has approved a $150 million loan to help improve the delivery of urban services and infrastructure in eight municipalities in the southern parts of Nepal, including in Province 7 in the far west.

KATHMANDU, Sept 11: The Government of Nepal has signed an agreement with the Asian Development Bank to receive a loan of US$ 150 million (approximately Rs 15 billion) to implement electricity transmission lines and distribution efficiency enhancement projects. Likewise, the ADB has also provided grants of US$ 2 million from the Japan Fund for Poverty Reduction to the government of Nepal.

ADB to provide Rs 152 million US dollars

September 10, 2017 15:44 pm

KATHMANDU, September 10: The Asian Development Bank (ADB) has agreed to provide 152 million US dollars for the implementation of Power Transmission and Distribution Efficiency Enhancement Project. Of the total amount, 150 million USD is concessional OCR loan and two million USD is from Japan Fund for Poverty Reduction.

KATHMANDU, July 10: Asian Development Bank (ADB) is providing Nepal US$ 21 million in policy-based loan to support the government's efforts to simplify, harmonize, and modernize the country's trade processes to meet international standards.

PHALEBASH (PARBAT), July 9: An employee with Agriculture Development Bank's Kushma Branch has been missing for the past four days.

KATHMANDU, July 1: The Asian Development Bank's (ADB) has approved a US$ 150 million loan to help improve the reliability and efficiency of Nepal's electricity supply and distribution.

KATHMANDU, June 22: Officials of the Asian Development Bank (ADB) have expressed concern about the management indecision shown by the new implementing bodies of several projects that used to be managed by District Development Committees.

YOKOHAMA (Japan), May 5: Deputy Prime Minister and Minister for Finance Krishna Bahadur Mahara reached Japan today morning to attend the 50th annual meeting of the Asian Development Bank (ADB) Board of Directors.

Kenichi Yokohama, chief of the Asian Development Bank (ADB) Nepal Representative Mission (NRM), has completed his tenure in Nepal. He is moving to New Delhi, India for his next assignment. Before flying to New Delhi to take over his next assignment, Yokohama talked with Kuvera Chalise of Republica on his experiences in Nepal, ADB-funded projects and the long-awaited Melamchi Water Supply Project. Excerpts:

ADB, IMF project economic rebound

March 28, 2017 21:30 pm

KATHMANDU, March 28: The Asian Development Bank (ADB) has projected that the country's economic growth will be between 5.2 to 6.2 percent in 2017.

KATHMANDU, Mar 1: Infrastructure needs in developing Asia and the Pacific will exceed $22.6 trillion through 2030, or $1.5 trillion per year, if the region is to maintain growth momentum, according to a new flagship report by the Asian Development Bank (ADB) published on Tuesday.

KATHMANDU, Feb 28: Ghost contractors have become a serious problem in executing development projects in Nepal, according to officials of the Asian Development Bank (ADB).

KATHMANDU, Feb 27: One of Nepal's important development partners has asked the government to stop politicization in development activities.

KATHMANDU, Feb 21: The Asian Development Bank (ADB) has expressed willingness to finance the second phase of the Melamchi Water Supply Project (MWSP) after the first phase concludes in October.

KATHMANDU, Dec 17: The US Embassy in Nepal and the Asian Development Bank (ADB) have signed an agreement on to rebuild 15 earthquake-damaged schools in 11 most affected districts, benefiting 4,500 students.

KATHMANDU, Dec 9: The Asian Development Bank (ADB) on Thursday announced a $20-million grant aimed at triggering increased private sector interest and investment in utility-scale solar projects in Nepal.

KATHMANDU, Dec 2: The Asian Development Bank (ADB) has approved a $186.80 million loan for starting a project to improve the country's domestic and regional transport connectivity.

KATHMANDU, Nov 8: Kenichi Yokoyama, the country director of Asian Development Bank (ADB), has said that linking South Asia with Southeast Asia is a means to tap into several economic opportunities.

KATHMANDU, Nov 3: The Asian Development Bank (ADB) has announced grant assistance worth Rs 12 billion to improve education quality and an access to secondary education in Nepal.

KATHMANDU, Oct 3: The Asian Development Bank (ADB) has approved a US $120 million loan and a $500,000 grant to help improve access and quality of secondary education in Nepal.

KATHMANDU, Oct 22: Land acquisition process for Barhabise Substation has been delayed by more than two and half months because of the government's failure to appoint Chief District Officer in Sindhupalchowk district. Acting CDO Antar Bahadur Silwal is overseeing the District Administration Office since mid-August.

KATHMANDU, Oct 21: Only three out of 32 Asian Development Bank (ADB) funded projects was found satisfactory in 2016.

KAVRE, Oct 3: Minister for Education D R Poudel and Kenichi Yokoyama, Country Director of the Nepal Resident Mission of the Asian Development Bank (ADB), on Monday laid the foundation stone for the reconstruction of Shree Kali Devi Primary School in Kavre District.

Growth in developing Asia steady: ADB

September 28, 2016 00:50 am

KATHMANDU, Sept 28: Developing Asia is expected to grow steadily despite external pressures and should meet earlier forecasts for 2016 and 2017, aided by resilience in the region's two largest economies -- the People's Republic of China and India, according to a new study of Asian Development Bank (ADB).

KATHMANDU, Sept 17: Asian Development Bank (ADB) has projected the economy to grow by 4.8 percent -- due to continued normalization of trade and supplies, steady remittance inflows, faster pace of post-earthquake reconstruction, modest fiscal stimulus and more normal monsoon -- in the current fiscal year.

HBL bags ADB award

September 9, 2016 21:04 pm

KATHMANDU, Sept 9: Asian Development Bank (ADB) has awarded the 'TFP Award 2016- Leading Partner Bank in Nepal'  to Himalayan Bank Limited (HBL).