Nepal, World Bank discuss strengthening management of fiscal risks in PPPs for infrastructure projects

KATHMANDU: The Government of Nepal aims to deliver NPR 0.8 trillion (US$6 billion) infrastructure investments through public-private partnerships (PPPs) as part of its Fifteenth Plan (2019/20 – 2023/24). While PPPs are vehicles to mobilize private sector financing, governments often must provide fiscal support to mitigate risks. The need for...