KATHMANDU, Nov 3: The Government of Nepal and donor agencies have pledged to expedite the construction of the 1,161-megawatt Upper Arun Hydropower Project based at Bhotekhola Rural Municipality of Sankhuwasabha district.

KATHMANDU, Oct 15: Finance Minister Dr Prakash Sharan Mahat has said Nepal has its own economic policies and they may differ from those of donor agencies.

KATHMANDU, Oct 12: Finance Minister Dr Prakash Sharan Mahat, who is in Marrakesh of Morocco in connection with participating in the World Bank (WB)'s annual meeting, has urged Korean companies to invest in Nepal, saying the foreign companies investing in Nepal have been making good profits.

KATHMANDU, April 30: The World Bank’s (WB) Board of Executive Directors has approved $100 million in financing for the Nepal Quality Health Systems Program.

Kathmandu, Feb 19: The COVID-19 pandemic derailed development and caused a massive collapse in human capital for millions of children and young people across South Asia, according to a new World Bank analysis of data for people who were under the age of 25 at the onset of the pandemic.

The multilateral lending institute cautions Nepal to diversify the migrants’ destinations citing a possible fall next year

KATHMANDU, Nov 16: The World Bank (WB) is providing grant support of US $4.5 million to strengthen the capacity of Indigenous Peoples and Local Communities (IPLCs) in Nepal’s forest sector.

KATHMANDU, Oct 8: The World Bank (WB) has estimated Nepal’s economic growth rate to reach 5.1 percent in the fiscal year 2022/23, which is way higher than the projection of 4.7 percent made by the Asian Development Bank.

KATHMANDU, August 31: A group of climate activists gathered today at Maitighar Mandala to protest against the World Bank climate loan under the Green, Resilient, and Inclusive Development (GRID) initiative.

KATHMANDU, July 13: The World Bank (WB) is providing US $ 80 million (around Rs 10 billion) in concessional loan to Nepal for a project to improve the delivery of water and sanitation services and promote integrated water resources management.

KATHMANDU, June 29: The World Bank (WB) on Wednesday approved funding of US $275 million to Nepal to upgrade the 69 km two-lane section of Butwal—Gorusinghe—Chanauta road along the East-West Highway.

KATHMANDU, Feb 10: Nepal requires significant investment and improved efficiency in spending to promote greater human capital accumulation mainly at the local levels as the country is in transition to a federal state, the World Bank (WB) has said.

KATHMANDU, Jan 13: The World Bank (WB) has projected Nepal’s economic growth to stay at 3.9 percent in 2021/2022, almost half of the rate that the government has been insisting on achieving.

KATHMANDU, Dec 6: The World Bank (WB) has pointed out the need to introduce five key reform measures to support Nepal’s fiscal sustainability and its transition towards green, resilient, and inclusive development.

KATHMANDU, Nov 18: The government with support of the World Bank (WB) has launched the Rural Enterprise and Economic Development (REED) Project.

KATHMANDU, Oct 28: The government in association with the World Bank (WB) has launched the Nurturing Excellence in Higher Education Program (NEHEP). USD 60 million has been allocated for the program.

KATHMANDU, July 10: The World Bank (WB) is providing an additional support of US $ 50 million each in the implementation of the government’s flagship School Sector Development Program (SSDP), and to improve efficiency in the public resource management systems of Nepal’s health sector.

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.

WB approves $200 million in loan to Nepal

September 20, 2020 19:30 pm

KATHMANDU, Sept 18: The World Bank (WB) on Thursday approved a $200 million ‘Finance for Growth’ development policy credit for Nepal to strengthen Nepal’s financial sector stability, diversify financial solutions, and increase access to financial services in support of Nepal’s COVID-19 resilience and recovery efforts.

GALKOT, Dec 19:  The World Bank is to invest tens of millions of rupees for the infrastructure development of Baglung municipality.

KATHMANDU, April 19: The World Bank has estimated that the transition costs of restructuring the government in the new federal set up would be at 3-4 percent of GDP per year over the next four years.

KATHMANDU, April 19: The World Bank has estimated that the transition costs of restructuring the government in the new federal set up would be at 3-4 percent of GDP per year over the next four years.

KATHMANDU, April 17: The World Bank has said that Nepal must create 240,000 jobs a year to maintain its employment rate.

KATHMANDU, March 21: The World Bank Group has approved a US$ 200 million (equivalent to Rs 20.6 billion) credit to the government to improve public financial management.

KATHMANDU, Jan 21: The World Bank has agreed to provide 440 million US dollars concessional loan assistance for the implementation of three projects in the country.

WB revises growth to 4.6% for this year

January 11, 2018 04:13 am

KATHMANDU Jan 11: The World Bank Group has revised down the growth forecast for Nepal by nearly one percentage point to 4.6 percent for the current fiscal year 2017/18. Launching the global economic prospects on Wednesday, the Washington-based organization revised down its own economic growth forecast in June last year by 0.9 percentage point.

KATHMANDU, Dec 22: The government should move away from import-based taxation by lowering tariff rates if it wants to improve the import-to-export environment in the country, a recent report prepared by the World Bank Group states.

KATHMANDU, Oct 8: After leading global growth for two years, the countries of South Asia have fallen to the second place after East Asia and the Pacific region, according to the World Bank.  The region’s slowdown is due to both temporary shocks and longer-term challenges, the World Bank said.

KATHMANDU, May 24: The World Bank has warned that Nepal may not achieve the status of a lower-middle-income country by 2030 if it does not pursue and implement comprehensive reforms to address long-standing challenges of the country.

KATHMANDU, April 17: The World Bank has projected the Nepali economy to grow at 6 percent in the current fiscal year.

KATHMANDU, April 11: World Bank has agreed to provide a US$ 100-million (approximately Rs 10.70 billion)-loan assistance for the financial sector stability development policy credit III.

KATHMANDU, Mar 29: The World Bank has approved a US$ 185 million credit to support Nepal's efforts at improving equity, quality, efficiency, governance and management of basic and secondary education.

KATHMANDU, Jan 24: The World Bank has agreed to provide loan assistance worth Rs 16.371 billion to Nepal to support in digitalization of civil registration records under the Strengthening Systems for Social Protection and Civil Registration.

KATHMANDU, Dec 19: The World Bank has agreed to provide US Dollar 55 million (approximately Rs 5.94 billion) additional loan assistance to the government for the implementation of Road Sector Development Project (RSDP) which has been under implementation since 2008.

WASHINGTON DC, Oct 7: South Asia can become the next manufacturing and export powerhouse if it increases the competitiveness, according to a new report by the World Bank.

PM, WB country director discuss priorities

September 22, 2016 23:13 pm

KATHMANDU, Sept 22: The visiting World Bank Country Director for Bangladesh, Bhutan and Nepal, Qimiao Fan, on Thursday met with Prime Minister Pushpa Kamal Dahal and discussed a gamut of issues related to Nepali economy including post reconstruction and structural reform of economy.

KATHMANDU, June 29: The high degree of vulnerability among the Nepali households with increased risk for every two Nepalis that have escaped poverty from falling back below the poverty line was underscored in a study released here today.