ADB approves $50 million loan to modernise Nepal’s customs and logistics sector
Summary
The Asian Development Bank has approved a $50 million loan to modernise Nepal's customs and logistics sectors, aiming to boost trade, reduce costs, and create jobs through digitalisation and improved infrastructure.
Key Points
- Asian Development Bank approved a $50 million policy-based loan to modernise Nepal's customs and logistics sectors.
- The programme will digitalise customs through automation, risk-based inspections, and streamlined procedures.
- Reforms aim to reduce trade costs, improve border predictability, and boost supply chain efficiency.
- The initiative supports Nepal's economic transformation, regional market integration, and private sector participation.
