Nepal negotiating with Asian Development Bank for $150 million aid to procure Covid-19 vaccines

The World Bank has announced a $75 million loan to Nepal for the immunisation drive. With the economy hit by pandemic for more than a year, the government is struggling to collect revenues.

After the World Bank approved credit to Nepal to procure Covid-19 vaccines, the government is now negotiating with the Asian Development Bank to get additional financing for the same purpose, two officials of the Finance and Health ministries said.