World Bank Supports Fiscal and Growth Reforms and Better Provincial and Local Roads in Nepal

World Bank Supports Fiscal and Growth Reforms and Better Provincial and Local Roads in Nepal

India Education Diary

The World Bank approved $200 million in new financing for two projects in Nepal . The $100 million second Fiscal Policy for Growth, Recovery and Resilience Development Policy Credit aims to strengthen revenue collection, reduce fragmentation of debt management, and increase debt transparency . It also supports reforms to enhance climate-resilient infrastructure spending, lower Nepal’s minimum foreign direct investment (FDI) threshold .

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