Help countries that missed industrial revolutions: PM Dahal Prime Minister Pushpa Kamal Dahal 'Prachanda' has urged the developed countries to help address challenges faced by the countries which missed industrial revolutions. Nepal 18 Jun, 2024
WB to take financial management lead for proposed Upper Arun Project An agreement in principle has been reached for the financial management of the proposed 1063-megawatt Upper Arun Semi-Reservoir Hydropower project in Sankhuwasabha district. Nepal 19 Apr, 2024
World Bank to provide Rs 26.51 billion for growth reforms, better local roads in Nepal The World Bank has approved Rs 26.51 billion in new financing for two projects in Nepal aimed at supporting the country’s transition toward Green, Resilient, and Inclusive Development Business 01 Mar, 2024
'National strategy involving all tiers of government in planning and execution crucial' Due to the overlapping inter-related challenges such as jobs recovery from the pandemic, inequality, climate change, and global economic issues, among others, development partners have suggested Nepal accelerate good investments and policy implementation, while creating inclusive opportunities and green jobs. Business 08 Nov, 2023
WB's DNA project to connect 1 million people to broadband The World Bank’s board of executive directors have approved $140 million for the Digital Nepal Acceleration (DNA) Project to expand access to broadband and engage more people in the digital economy. Business 18 Jun, 2022
Global community steps up with $93 billion support package to boost resilient recovery The World Bank on Wednesday announced a $93 billion replenishment package of the International Development Association (IDA) to help low-income countries respond to the COVID-19 crisis and build a greener, more resilient, and inclusive future. Business 17 Dec, 2021
Government, World Bank sign $24m financing agreement The Nepal government and the World Bank on Friday signed loan and grant agreements for $24 million Forests for Prosperity Project ($6.1 million as grant and $17.9 million as concessional loan) that will help Nepal advance sustainable forest management. Business 20 Mar, 2021
Debt vulnerabilities Countries eligible to borrow from the International Development Association (IDA) entered the COVID-19 crisis already facing elevated debt levels and weak fiscal positions. Blogs 04 Mar, 2021
BLOG SURF: Supporting the poor A year ago, before the COVID-19 pandemic A struck, I was optimistic about the trends in global poverty: extreme poverty rates had been steadily declining for more than two decades. Blogs 09 Feb, 2021
World Bank sees 'huge willingness' to suspend debt payments for poorest countries WASHINGTON: The World Bank is seeing "a huge willingness" on the part of official bilateral creditors to suspend debt payments by the world's poorest countries so they can focus on fighting the coronavirus pandemic, a top Bank official said on... 14 Apr, 2020
WB announces up to $12bn in immediate support for COVID-19 Kathmandu, March 4 As COVID-19 reaches more than 60 countries, the World Bank Group is making available an initial package of up to $12 billion in immediate support to assist countries coping with the health and economic impacts of the global... 05 Mar, 2020
Pvt participation in infrastructure weak in Nepal Kathmandu, October 6 Though Nepal is among the top countries receiving assistance from the International Development Association (IDA) — an international financial institution that offers concessional loans and grants to the world’s poorest... 07 Oct, 2018
