WB, USAID to provide around Rs 100 billion to Nepal

KATHMANDU: The government will receive around Rs 100 billion in international assistance at a time when the foreign currency reserve is under stress. The International Development Association (IDA) World Bank Group will provide Rs 18 billion as a concessional loan while the United States Agency for International Development (USAID) has pledged Rs 79.71 billion in grants. The meeting of the Council of Ministers held on April 13 decided to accept the assistance which 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 land at Sanni Triveni Rural Municipality in Kalikot district for the Phukot Karnali Semi-reservoir Hydroelectricity Project. Among other decisions taken by the Cabinet meeting were to promote Armed Police Force (APF) Nepal Additional Inspector General (AIG) Pushpa Ram KC to the post of IG, construct a basic hospital in Mayadevi Rural Municipality, and give approval for using the public land for works including construction of the Rural Municipality's administrative building. Similarly, the meeting decided to give approval for using the public land for the construction of the administrative building of the Karjanha Municipality in Siraha and to approve the resignation tendered by the National Housing Company Limited Chairperson Ram Aadhar Kapar. By RSS READ ALSO:

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