Friday Jul 1, 2022
Friday Jul 1, 2022

18.15 billion from the World Bank for development in Nepal


Nepalnews
RSS
2022 Mar 25, 20:50, Kathmandu

The World Bank will provide a loan of Rs. 18.15 billion for green, flexible and inclusive development of Nepal's financial sector. The Executive Board of the World Bank has decided to provide the loan today to support Nepal's green, flexible and inclusive development and to strengthen the region's stability, diversify financial solutions and increase access to financial services.

 Faris Hadad-Zervos, World Bank Country Director for Maldives, Nepal and Sri Lanka, said the financial system is the key to mobilizing individual investment and conducting economic activities. He expressed the belief that it would benefit especially the poor and those at risk.

 The Bank will be instrumental in implementing the Government of Nepal's Transforming Financial Sector Reform Program, addressing the risks of financial stability in the wake of the Covid-19 epidemic, supporting private sector-led growth, enhancing banking sector oversight and increasing liquidity and inclusion through financial literacy. 

READ ALSO:

World Bank Nepal Finance finance Rs.18.15 billion development NepalNews
Nepal's First Online News Portal
Published by Nepalnews Pvt Ltd
Editor: Raju Silwal
Information Department Registration No. 1505 / 076-77

Contact

KMC-02, UttarDhoka,
Lazimpat, Nepal

Newsroom
+977–01–4445751 / 4445754

E-mail
[email protected] [email protected]

Terms of Use Disclaimer
© NepalNews. 2021 All rights reserved. | Nepal's First News Portal