Cabinet approves concessional loan of Rs 35 billion from World Bank

Cabinet approves concessional loan of Rs 35 billion from World Bank
By Republica
Published: September 13, 2022 07:15 PM

KATHMANDU, Sept 13: The government has approved Rs 35 billion (275 million USD) concessional loan to be provided by the World Bank. The loan would be spent on the transportation and trade connectivity promotion programme. 

Minister for Communication and Information Technology Gyanendra Bahadur Karki, who is also the spokesman of the government, said the cabinet meeting also made a decision to form a talks team for receiving a grant of USD 12 million to be received from the Asian Development Bank (ADB) for strengthening the women protection and uplift system. 

The meeting also decided to promote Senior Superintendent of Police Niranjan Bista to the post of Deputy Inspector General of Police. 

Similarly, the Cabinet meeting decided to give approval to a team led by Auditor General Tanka Mani Sharma Dangal to take part in the 24th General Congress of the International Organization of Supreme Audit Institutions and approve the Gazetted level post at the Arrears Clearance Monitoring Committee for fiscal year 2022/23. 

The meeting also decided to give its approval to a team including the Finance Minister to participate in the joint meeting of the World Bank Group and the International Monetary Fund being held in Washington D.C. of the United States of America. The cabinet meeting also approved the visit of the Minister for Law to Stockholm, Sweden to participate in the European Regional Meeting to be held there on September 24 and 25  and give approval to the Ministry of Foreign Affairs to sign the memorandum of understanding to set up a bilateral consultation mechanism between Nepal and Romania.

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