World Bank provides US$155.7 million to Nepal

The World Bank is providing US$155.7 million in loan and grant to Nepal to build and maintain bridges, and improve food security of vulnerable households and communities.
Sheena

Updated: Nov 18, 2018 09:00:02 am

World Bank provides US$155.7 million to Nepal

18 November 2018 Current Affairs:

The World Bank is providing US$155.7 million in loan and grant to Nepal to build and maintain bridges, and improve food security of vulnerable households and communities.
Two Agreements to these effects were signed between the Washington, DC-based multilateral financial institution and the government of Nepal in Kathmandu.
The first credit will finance the US$133 million Second Bridges Improvement and Maintenance Program targeting approximately 477 bridges along Nepal’s Strategic Roads Network.
Under the second agreement, the multi-donor Global Agriculture and Food Security Program (GAFSP) will provide a US$22.7 million grant to support the Food and Nutrition Security Enhancement Project.

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