© All rights reserved. NepalKhabar

Business

Govt to take loan of Rs 15.8 billion from World Bank

Nepalkhabar

 |  Kathmandu

A cabinet meeting. (Photo: RSS)

The government has decided to take a loan of Rs 15.8 billion from the World Bank.

The cabinet meeting held on Tuesday decided to accept a loan assistance of 120 million US dollars (15.8 billion rupees) from the World Bank.

The government is going to take the loan for the transformation of community schools.

Likewise, the Council of Ministers has approved 17 million US dollars (Rs 2.59 billion) for education projects.

The Council of Ministers has also approved the grant of Rs 410 million given by Japan for human resource development scholarships.

Similarly, the cabinet meeting has decided to approve in principle the Customs Tariff Bill submitted by Finance Ministry, approve the Third Amendment Order 2080 for the formation of Foreign Affairs Studies Foundation Development Committee and celebrate the National Education Day on September 19.



Comments

Related News

151 projects to be showcased for FDI in Third Investment Summit

One hundred and fifty-one projects are to be presented in the Third Investment Summit 2024 taking p…

Price of gold and silver up

The price of gold has increased by Rs 1,400 per tola on Friday, said the Federation of Gold and Sil…

Nepal and Qatar form JBC to promote bilateral trade and cooperation

Nepal and Qatar have formed a Joint Business Council (JBC), a chamber of private sectors, …

Qatari Emir's visit: Govt urged to request for pact on Bhairahawa-Qatar direct flights

Stakeholders have urged the government to take initiatives for operating direct flight between Bhai…