The Asian Development Bank (ADB) and the Government of Nepal have signed a loan agreement of USD 358 million for four new projects, on December 10, 2019.
The agreement was signed by Rajan Khanal, Secretary at Ministry of Finance, Nepal and Mukhtor Khamudkhanov, Country Director, ADB.
Loan allotment at a glance:
After the agreement, Kanal thanked ADB for its long-standing support to the government’s plan for the betterment of the country.
Meanwhile, Mukhtor said that Nepal can further leverage the opportunities of increased loan lending limit as it has good portfolio performance.
Let’s hope that this loan agreement will help the Nepali Government to move ahead in their journey towards sustainable development!!