World Bank to increase budgetary aid for Nepal

KATHMANDU: The World Bank is going to increase the budgetary aid provided to Nepal.

In a virtual meeting held today with Deputy Prime Minister and Finance Minister Bishnu Prasad Paudel, Vice President for South Asia Region of the World Bank, Martin Raiser, shared about the rise in budgetary assistance.

On the occasion, Vice President Raiser suggested improvements in areas such as the investment environment, economic reforms and employment growth. Nepal had received USD 205 million as budgetary aid from the World Bank last financial year.

In response, Finance Minister Paudel said that with a stable government in place the environment is conducive for more investment and pledged to work in collaboration to complete the projects on time.