The Asian Development Bank on Tuesday agreed to provide Rs 2.75 billion loan as budgetary support to the government of Nepal.
A press statement issued today by the ADB Headquarters at Manila, Philippines, states that the decision was taken because budgetary support was necessary to Nepal after the recent 'Gorkha Earthquake’ damaged infrastructures of economic development.
Before this, the ADB had provided Rs 20 billion under emergency support and Rs 300 million grant as Natural Disaster Relief after the quake.
Similarly, the ADB plans providing additional Rs 1.50 billion to Nepal from the Japanese Fund for poverty alleviation in near future. RSS
This is dummy text. It is not meant to be read. Accordingly, it is difficult to figure out when to end it. But then, this is dummy text. It is not meant to be read. Period.