Nepal Government Approves $185 Million in Concessional Loans for Development Projects
Kathmandu. The government has accepted a loan facility worth approximately 28 billion rupees. The Cabinet meeting decided to accept this concessional loan assistance for two specific projects.
Based on the proposal from the Ministry of Finance, the government will borrow $40 million from the Asian Development Bank and $50 million from the World Bank for the Digital Nepal Transformation Project. Additionally, the government has decided to accept a concessional loan facility totaling $95 million for the Sustainable and Inclusive Finance Project.
At the current exchange rate, the total amount of all loan assistance is equivalent to 28 billion Nepali rupees.
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