The Asian Development Bank's grant budget for Nepal grew by $280 million this fiscal year,
reported. This would bring its total concessional loan and grant package for Nepal to $538 million. "This scaling up of ADB's assistance to Nepal testifies to ADB's strong commitment to Nepal's development and poverty reduction efforts," ADB vice president of operations Zhao Xiaoyu said at the close of his four-day visit to the South Asian nation.
