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World Bank to provide USD 195 mn to Nepal for financial, energy sector reform

Press Trust of India  |  Kathmandu 

The has announced that it will provide around USD 195 million concessional loan to to reform the country's financial and

An agreement to this effect was reached during the ongoing annual meeting of the and (IMF) at in Indonesia, according to officials.

of (IECCD) at the Ministry of Finance, Krishna and the World Bank's for Nepal, Qimiao Fan inked the agreement on Wednesday in the presence of and of the for South Asian region, Hartwig Schafer.

Khatiwada lauded the World Bank for lending support in various sectors of including infrastructure development, education, health and tourism development.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, October 11 2018. 20:05 IST