Govt accepts Rs 12.7 billion development policy credit provided by the World Bank

KATHMANDU: The government has decided to accept around Rs 12.7 billion ($100 million) development policy credit (DPC) provided by the World Bank to improve the enabling environment for Nepal’s green, climate-resilient and inclusive development pathway.

Similarly, the Cabinet meeting on August 11 decided to accept the grant of approximately Rs 2.1 billion (2,256 million Japanese Yen) provided by the Government of Japan for the project of the restoration of the irrigation system in the eastern part of the country, said the government’s spokesperson Gyanendra Bahadur Karki, also Minister for Communications and Information Technology at a press conference organised here today to make public decisions taken by the meeting.

Similarly, it also approved the new pay scale and grades under civil servants of all levels, Nepal Army, Nepal Police, Armed Police Force, parliament service and teachers at community schools. It came into effect on 17 July 2022.

Fifty-one temporary quotas of Gazetted class for the fiscal year, 2022/23 under the Ministry of Energy, Water Resources and Irrigation, 58 under the Ministry of Law, Justice and Parliamentary Affairs and 20 under the Ministry of Agriculture and Livestock Development have been passed.