The coronavirus pandemic has thrown a spanner into Nepal’s ambitious initiatives such as Visit Nepal 2020 and Spring Everest Expedition, pushing the country to the verge of economic breakdown.
The sudden spike in COVID-19 infections in recent weeks has further added fuel to the fire.
At this juncture, the World Bank has demonstrated its commitment to help Nepal recover from the socioeconomic implications of the pandemic.
On June 10, 2020, the World Bank has approved a USD 450 million worth loan to improve Nepal’s road infrastructure and set the course for post-COVID-19 economic recovery.
According to the World Bank, the amount will be allocated for the Nepal Strategic Road Connectivity and Trade Improvement Project.
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According to the Ministry of Health and Population (MoHP), Nepal on Friday reported 448 new COVID-19…Read more