PM Shah and ADB President Kanda discuss development partnership
Summary
Prime Minister Balendra Shah met with ADB President Masato Kanda to discuss Nepal's strategic development cooperation and economic growth, highlighted by USD 3.9 billion in active projects and a new Rs 25 billion concessional loan agreement.
Key Points
- Prime Minister Balendra Shah met Asian Development Bank President Masato Kanda to discuss strategic development cooperation and economic growth.
- Asian Development Bank currently oversees active projects worth USD 3.9 billion in Nepal.
- A Rs 25 billion (USD 165 million) concessional loan agreement was signed between the government and ADB.
- The funding allocates USD 115 million to the Integrated Water Supply and Sewerage Management Project and USD 50 million to the SASEC Trade Facilitation and Logistics Enhancement Program.
