Asian Development Bank (ADB) operations - comprising approvals of loans and grants, technical assistance (TA), and cofinancing -reached $28.9 billion in 2017 in its continued efforts to help meet Asia and the Pacific’s development needs, according to preliminary figures released on Friday.
China has partnered with UNDP Nepal to provide US$ 4 million to support recovery efforts in Terai region affected by one of the worst floods in recent history. The assistance provided under the framework of the Chinese South Cooperation Assistance Fund will reach31,800 households in Sunsari, Saptari, Sarlahi, Dhanusha, Mahottari, Rautahat and Parsa districts of Provinces 1 and 2. This assistance comes in response to the extensive damage and displacement caused by the 2017 floods in the country’s south.
UNESCO has shown concern on the construction of a commercial complex at the Hanumandhoka World Heritage Site. Issuing a press note, it said that UNESCO did not stop or allow constructions on or around a World Heritage Sites. "This is the role of the national authorities concerned, the Kathmandu Metropolitan City and Department of Archaeology," it said, adding, "When UNESCO receives information with concerns on World Heritage Sites, it verifies the information with the concerned parties."
An international conference is scheduled to be organized here from March 23 to 25 to solicit suggestions from the experts after discussing with them on the multi-faceted aspects of rural development.The conference is being hosted by the Tribhuvan University (TU)’s Central Department of Rural Development.
Nepal Ambassador, Extraordinary and Plenipotentiary of Nepal to the Sultanate of Oman Sarmila Parajuli Dhakal held a meeting with Minister of Oil and Gas of the Sultanate of the Oman Dr. Mohammed bin Hamad-Al-Rumhi on Sunday at latter’s office, according to a press note from the Nepali Embassy in Muscat.
The Irrigation Development Division Office, Bhadrapur has stepped up its efforts for the reconstruction of the structures of the canals which were broken four years ago.
Investment Board of Nepal (IBN) and Chinese company Huaxin Cement Narayan signed the project investment agreement (PIA) – on Wednesday in Kathmandu – to invest $140 million to set up a cement plant in the country.
Despite the damages worth billion of rupees, the 2015 earthquake did not affect Nepal’s economy in a fundamental manner, pointed out Dr Yuba Raj Khatiwada, former Vice Chairman of the National Planning Commission, while making a presentation to provide an overview of the medium to long term impact on the economy.
The Asian Development Bank (ADB) and the Government of Nepal handed over the newly reconstructed Shree Kali Devi Primary School in Kavre District to the community at a ceremony on Monday. The April 2015 earthquake had badly damaged the school, destroying five classrooms and other school facilities.
JICA Nepal will be providing technical assistance to Lalitpur Metropolitan City for building the Guita Domar Disaster Management Park in Lalitpur as a part of its 'Quick Impact Project' programme. The groundbreaking ceremony for the Disaster Management Park was conducted jointly by Chiri Babu Maharjan, Mayor of Lalitpur Metropolitan City and Jun Sakuma-Chief Representative of JICA Nepal amidst a function in Gui Tole, Lalitpur on Friday.