Govt set to misuse World Bank loan Kathmandu, March 8 The government is all set to grossly misuse billions of rupees of loan obtained from the World Bank, as it is gearing up to hire ‘unnecessary’ staff to support the controversial Prime Minister Employment Programme. The WB... 09 Mar, 2020
Small business Billions of US dollars have been spent—by governments, microfinance organizations, and NGOs—on training the owners of small businesses. Traditional programs typically aim to teach practices such as record-keeping, stock control, and simple... 25 Sep, 2017
World Bank loan for hydro development in Nepal KATHMANDU: The World Bank extended a loan of USD 20 million to Nepal for the Power Sector Reform and Sustainable Hydropower Development Project. Issuing a press statement from its Washington DC-based headquarters, the Bank said the credit is offered... 27 Sep, 2015
The donor conclave : Lessons to learn Once again the donors have held a meeting in Kathmandu to listen to government’s request for financial assistance for rebuilding Nepal after almost a dozen’s years of insurgency in the country. While this may seem a historic achievement at national... 25 Feb, 2008
Banking on contracts The Nepal Rastra Bank (NRB) has invited financial and technical proposals from Nepali individuals, firms and companies interested in running the Nepal Bank Ltd. (NBL), the country’s oldest commercial bank, under a two-year management contract. The... 16 Jan, 2008
Lanka: Solar power gets a boost There may be nothing new in a recent World Bank credit facility to provide electricity through renewable power to thousands of rural homes. But for the growing solar power sector in Sri Lanka, it is a giant step in taking the industry forward. Solar... 27 Jun, 2007
Rich dad, poor dad The parliamentary Committee on Finance is to question Finance Minister Dr Ram Sharan Mahat today over the government’s failure to recover money from at least 30 defaulters who had borrowed heavily from the Rastriya Banijya Bank (RBB) and the Nepal... 16 Aug, 2006
India hits back after WB halts traffic project Mumbai, March 3:Indian officials snubbed the World Bank (WB) today, claiming it was a ‘blessing’ it had suspended financial backing for a huge public transport project in the western city of Mumbai.The World Bank suspended payments for the... 03 Mar, 2006
WB writes to Aruna Roy on water project New Delhi, November 17:The World Bank (WB) has invited Magsaysay award winner Aruna Roy to discuss a controversial Delhi water supply project but she and other activists opposing it want the global body to take part in a public hearing. World Bank... 17 Nov, 2005
TOPICS: G8 makes mockery of debt relief World leaders are preparing for the millennium summit in New York next month, described by the UN as a “once-in-a-generation opportunity to take bold decisions.’’ Yet the current draft outcome repeats what was agreed on aid and debt last month in... 24 Aug, 2005
WB wants say in Pak bureaucrats’ postings Islamabad, August 22:After funding a $22 million (Rs 1.3 billion Pakistani Currency) training scheme for Pakistani bureaucrats, the World Bank (WB) now wants a say in their postings, even as doubts are being cast about the efficacy of the project.The... 22 Aug, 2005
Indian support crucial to ICD operation Himalayan News ServiceKathmandu, May 5:Business sector representatives involved in export sector for the past several years have explicitly sought India’s help in smoothly operating the Inland Container Depot (ICD) located at Birgunj, established... 05 May, 2005
