The World Bank will provide a concessional loan of Rs. 17.78 billion to Nepal

KATHMANDU: JUNE 27 – The Government of Nepal and the World Bank have signed a financial agreement to provide a concessional loan of US 150 million dollars i.e 17.78 billion Nepalese rupees to Nepal for the recovery from the COVID-19 epidemic and for the protection and sustainable development of the extremely poor and at risk.

The agreement was signed on behalf of the government by Finance Secretary Shishir Kumar Dhungana and World Bank National Director for Maldives, Nepal, and Sri Lanka Faris Hadad (Zervos).