The cabinet has approved Rs 35 billion (275 million USD) concessional loan to be provided by the World Bank. The loan approved by the cabinet would be spent on the transportation and trade connectivity promotion programme.
Minister for Communication and Information Technology Gyanendra Bahadur Karki said this today while sharing about the decisions made by a meeting of the Council of Ministers. Minister Karki, who is also the spokesman of the government, said the Cabinet meeting has also made a decision to form a talks team for receiving a grant of USD 12 million to be received from the Asian Development Bank (ADB) for strengthening the women protection and uplift system.
The meeting has also decided to give its approval to a team including the Finance Minister to participate in the joint meeting of the World Bank Group and the International Monetary Fund being held in Washington D.C. of the United States of America, to approve the visit of the Minister for Law to Stockholm, Sweden for participating in the European Regional Meeting to be held there on September 24 and 25 and to give approval to the Ministry of Foreign Affairs to sign the memorandum of understanding on setting up a bilateral consultation mechanism between Nepal and Romania.
