New World Bank research released on Thursday gives policymakers compelling evidence that delivering better outcomes in children’s health and learning can significantly boost the incomes of people—and of countries—with returns far into the future.
The World Bank has decided to provide around Rs 23 billion concessional loans to Nepal for the implementation of financial and energy sector reform policy.
The Board of Directors of the Asian Development Bank (ADB) has approved a loan of $180 million to support improvements to Nepal’s East–West Highway, the country’s main domestic and international trade route also known as the Mahendra Highway.
Province No 5 is ranked fourth in view of Gross Domestic Product (GDP) contribution, the central bank said. According to a report released by the Nepal Rastra Bank (NRB), the contribution of the province 5 in the national GDP is 17.5 per cent. It is said that the report was prepared after conducting province-level GDP and per capita income of the fiscal year 2017/18 on the basis of overall human development report-2014.
The Korea International Agency (KOICA) of Republic of Korea has agreed to provide Rs 550 million to Nepal the project for enhancing the quality of technical and vocational education and training (TVET) through capacity building of TVET Instructors in Nepal.
The government has formed a high-level taskforce to explore the prospects and resolve the problems seen in the tea industry. The Ministry of Labour, Employment and Social Security on Tuesday announced the taskforce. Secretary at the Ministry Mahesh Prasad Dahal coordinates the taskforce.
Prime Minister KP Sharma Oli has asserted that the Sustainable Agriculture Development could only achieved through modernization, commercialization and mechanization of agriculture.
IFC, a member of the World Bank Group, has released the first in-depth analysis of Nepal’s innovative benefit sharing policy that allows communities to invest in hydro power projects through the purchase of ‘local shares’. The report recommends more community education and improved regulation to maximize opportunities for investors while protecting them from undue risk.
Federation of Nepalese National Transport Entrepreneurs has demanded rollback of the decision to hike petro product price. Issuing a press release on Tuesday evening, Federation Chairperson Yogendranath Karmacharya called for the government to withdraw price hike in view of festive season.
Finance Minister Dr Yuba Raj Khatiwada has said the economic indicators of the first two months of the current fiscal year were positive.
Vice President Nanda Bahadur Pun has insisted on collective efforts among the State, government and the stakeholders concerned to economically empower women.
Nepali Congress (NC) President Sher Bahadur Deuba has said the recent fourth BIMSTEC (Bay of Bengal Initiative for Multi- Sectoral Economic and Technical Cooperation) Summit was concluded successfully.
Prime Minister KP Sharma Oli has said prosperity in the Bay of Bengal Initiative for Multi Sectoral Technical and Economic Cooperation is possible through combined efforts and collaborations among the member states.