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.
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, 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.
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.