Nepal and the World Bank have signed a grant agreement providing $75 million to the country’s Poverty Alleviation Fund, which supports economic development, infrastructure and rural development projects.
The sum includes a $65 million grant from the International Development Association, which is the World Bank’s concessional arm, and a $10 million grant co-financed by the Global Food Price Response Program multidonor trust fund, the Himalayan News Service reports.
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