First Business News Portal in English from Nepal
The World Bank, Washington DC
KATHMANDU: The country is receiving around Rs 100 billion in international assistance at a time when the foreign currency reserve is under stress.
The World Bank Group, International Development Association (IDA) is providing Rs 18 billion as concessional loan and the United States Agency for International Development (USAID) Rs 79.71 billion in grants.
The meeting of the Council of Ministers on April 13 decided to accept the assistance and this is expected to ease the situation.
Informing about the decisions of the meeting, Minister for Communications and Information Technology, Gyanendra Bahadur Karki said that the government has decided to take initiatives for acquiring around 280 ropanis of land at Sanni Triveni Rural Municipality in Kalikot district for the Phukot Karnali Semi-reservoir Hydroelectricity Project.
According to him, among other decisions taken by the meeting are promoting Additional Inspector General Pushpa Ram KC to the post of Inspector General of the Armed Police Force Nepal, constructing a basic hospital in Mayadevi Rural Municipality and giving approval for using the public land for works including construction of the Rural Municipality’s administrative building.
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