World Bank to provide Rs 18 billion to strengthen Nepal’s financial sector

KATHMANDU: The World Bank is to provide Rs 18 billion under the Finance for Growth development policy credit to strengthen Nepal’s financial sector for its green, resilent and inclusive development.

The Bank’s Board of Executive Directors took a decision to this effect on Thursday. “By strengthening the financial sector, this project will contribute to Nepal’s green, resilient, and inclusive recovery and growth path, particularly benefiting the poor and vulnerable,” stated Faris Hadad-Zervos, World Bank Country Director for Maldives, Nepal and Sri Lanka.