Govt approves Rs 35 billion concessional loan from World Bank

KATHMANDU: The government has decided to accept concessional loan assistance of around Rs 35 billion from the world bank.

In a press conference held on Tuesday, government spokesperson and Minister for Communications and Information Technology Gyanendra Bahadur Karki said that a meeting of the cabinet held on Monday decided to accept the loan assistance of 275 million US dollars to enhance transport and trade relations.

The cabinet also decided to form a talk team to accept a grant aid of USD 12 million from the Asian Development Bank for the woman’s protection and upliftment strengthening project.

Similarly, the government decided to promote Senior Superintendent of Police Niranjan Bista to the post of Deputy Inspector General of Police at the National Vigilance Centre.

Likewise, the government also decided to give permission to the Ministry of Foreign Affairs to sign a memorandum of understanding between Nepal and Romania to establish a bilateral consultation mechanism.