Finance Minister requests World Bank to increase budgetary support

Finance Minister requests World Bank to increase budgetary support

6 January, Kathmandu. Deputy Prime Minister and Finance Minister Bishnu Prasad Poudel has requested the World Bank to increase budgetary support. In a meeting with the delegation, including Faris Hadad Zervos, National Director of the World Bank, Finance Minister Podel requested to increase the scope of budgetary support. Minister Poudel also assured that the Ministry … Read more

World Bank forecasts recession in global economy, stable in Nepal

World Bank forecasts recession in global economy, stable in Nepal

file picture 27 December, Kathmandu. The World Bank has predicted that there will be a deep recession in the world economy and its effects will be long-lasting. The World Bank has indicated this while announcing the first projection of the year 2023. According to the World Bank, the world’s economic growth rate will be limited … Read more

World Bank has given a grant of 580 crores for the upliftment of communities dependent on forests.

World Bank has given a grant of 580 crores for the upliftment of communities dependent on forests.

30 October, Kathmandu. The World Bank is going to provide a subsidy of Rs 58 million for the upliftment of forest-dependent tribal tribes and local communities in climate action. A grant agreement was signed between the World Bank and the Nepal Rural Reconstruction Organization on Wednesday. According to the World Bank, a grant agreement worth … Read more

Nepal’s inflation rate at 6.3 and economic growth at 5.8 percent: World Bank

New World Bank launch: Nepal's economic growth rate is 2.7 percent

14 October, Kathmandu. The World Bank has estimated that Nepal’s economic growth rate will be 5.8 percent in 2022. The World Bank, releasing the report ‘Nepal Development Update, October 2022’ on Monday, has estimated that Nepal’s gross domestic product (GDP) will grow by 5.8 percent this year based on constant market prices. The World Bank … Read more

Meeting between Finance Minister Sharma and the head of the US Cooperation Mission

Meeting between Finance Minister Sharma and the head of the US Cooperation Mission

27 October, Kathmandu. A meeting was held by Finance Minister Janardan Sharma, who is in the US to attend the annual meeting of the World Bank Group and the International Monetary Fund, and Samantha Power, senior administrator of the United States Assistance Mission (USAID). The issue of establishing a strong foundation for bilateral interests and … Read more

World Bank estimates that Nepal’s economy will grow by 5.1 percent

World Bank estimates that Nepal's economy will grow by 5.1 percent

21 October, Kathmandu. The World Bank has predicted that Nepal’s economy will grow by 5.1 percent in the current financial year. The World Bank has given this information by publishing the Nepal Development Update. According to the World Bank, the economic growth rate in the financial year 2022/23 is estimated to be 5.1 percent. This … Read more

Nepal has lost 8 times its ability to export: World Bank

Nepal has lost 8 times its ability to export: World Bank

14 October, Kathmandu. A study has shown that Nepal is losing its ability to export eight times more than it is now. A report published last year by the World Bank showed that among the 50 countries studied, the most wasted capacity. World Bank senior economist Gonzalo Bharela made a presentation that the event organized … Read more

53 billion loan agreement between Nepal and World Bank

53 billion loan agreement between Nepal and World Bank

2 October, Kathmandu. An agreement was signed between the Government of Nepal and the World Bank on Sunday to get a concessional loan of 52.96 billion. According to the World Bank, concessional financial agreements worth $275 million (34.96 billion Nepalese rupees) and $140 million (18 billion Nepalese rupees) were signed for the project to accelerate … Read more

Climate change has a deep impact on Nepal’s GDP: World Bank

Climate change has a deep impact on Nepal's GDP: World Bank

August 30, Kathmandu. The World Bank has warned that Nepal’s Gross Domestic Product (GDP) will be severely affected if the effects of climate change are not mitigated. The World Bank, while publishing Nepal’s National Climate and Development Report, said that if the effects of climate change are not reduced, then it will have an impact … Read more

World Bank will give loan of 13 billion to Nepal

New World Bank launch: Nepal's economic growth rate is 2.7 percent

August 13, Kathmandu. The World Bank is going to give a concessional loan of US $ 100 million (Rs 13 billion) to Nepal. An agreement was signed between the Government of Nepal and the World Bank on Monday to obtain a concessional loan for the New Development Policy Loan (DPC) for Green, Sustainable and Inclusive … Read more

Himal Sanchar