Nepal to receive sizable World Bank aid package



Development projects in Nepal can finally be implemented without delay after the World Bank provided a generous aid package worth USD250.7 million to the South Asian country. The International Development Association, the bank’s soft lending arm, gave its approval to the grant, which will finance projects that improve access to basic and primary education, encourage better irrigation, widen rural roads, and raise living conditions in the nation’s rural communities. “Together, the four projects constitute the largest-ever grant program the World Bank has offered in a single year,” beamed World Bank South Asia vice president Praful Patel. “Through improved schools, roads, irrigation, and income-generating activities, we hope these projects will help the country step up the delivery of basic services, particularly in areas that have lost over a decade to conflict,” he added.

Source: Nepal set to get massive aid package from World Bank (The Economic Times)

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