November 7, 2022 13:00 pm
KATHMANDU, Nov 7: The outstanding amount of refinance provided by Nepal Rastra Bank (NRB) remained Rs.108.49 billion in mid-September 2022. As of mid-September 2022, the outstanding concessional loan is Rs. 213.23 billion extended to 147,926 borrowers. Of which, Rs.139.67 billion has been extended to 60,302 borrowers for selected commercial agriculture and livestock businesses, the Central Bank stated in the Current Macroeconomic and Financial Situation Report released in October. The Report is based on two months' data ending Mid-September, FY 2022/23.
September 21, 2022 14:22 pm
KATHMANDU, Sept 21: The Government of Nepal and the Government of Japan signed two agreements for utilizing a grant assistance of Rs 2 billion (Japanese Yen 2,256,000,000) for the implementation of the Project for the Improvement of the Rehabilitation of Irrigation System in Eastern Terai Area; and a concessional credit of Rs 14.2 billion (JPY 15,901,000,000) for the Urban Transmission and Distribution System Improvement Project.
August 31, 2022 15:45 pm
KATHMANDU, August 31: Experts have said that the concessional loan agreement signed between the World Bank and Nepal on Monday for the purpose of getting assistance to avoid and adapt to climate-related disasters is not in accordance with the international norms on climate finance and the stance that Nepal has been is taking at international forums. In the field of climate-sustainability and adaptation, their argument is that it is completely wrong to take a loan as the financial assistance given to an underdeveloped and at-risk country like Nepal should be in the form of grants.
August 29, 2022 19:15 pm
KATHMANDU, August 29: Nepal and the World Bank (WB) on Monday signed a concessional financing agreement for US $100 million (Rs 12.7 billion) for the Green, Resilient, and Inclusive Development (GRID) project.
July 7, 2022 10:35 am
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.
June 28, 2021 07:35 am
KATHMANDU, June 28: The government on Sunday inked an agreement with the World Bank (WB) to receive a concessional loan worth US $ 150 million for resilient recovery from the COVID-19 pandemic, protect the most vulnerable, and support sustainable growth.
December 24, 2020 10:56 am
KATHMANDU, Dec 24: The government of Nepal and Asian Development Bank (ADB) signed US dollar 150 million concessional loan agreement to finance South Asia Sub regional Cooperation (SASEC) Airport Capacity Enhancement Project and US$ 40 million concessional loan and US$10 million grant for the implementation of Priority River Basins Flood Risk Management Project.
November 27, 2020 14:49 pm
The project aims to modernize power transmission and distribution systems
July 29, 2020 16:31 pm
KATHMANDU, July 29: Nepal has urged the Asian Infrastructure Investment Bank (AIIB) to be more flexible on concessional finance to low income countries like Nepal.