ADB provides USD100 million loan to strengthen fiscal federalism in Nepal

Summary

The Asian Development Bank has provided a USD 100 million concessional loan to Nepal to enhance fiscal federalism and improve public financial management at all government levels.

Key Points
  • ADB is providing a USD 100 million concessional loan to Nepal to support fiscal federalism.
  • The loan aims to enhance public financial management and budgetary systems across federal, provincial, and local governments.
  • The agreement was signed by Nepal's Finance Secretary Dr. Ghanashyam Upadhyay and ADB Country Director Arnaud Cauchois.
  • The loan has a 24-year repayment period with an eight-year grace period and low interest rates.
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