KATHMANDU: The World Bank has announced plans to increase its budgetary aid to Nepal.
In a virtual meeting today with Deputy Prime Minister and Finance Minister Bishnu Prasad Paudel, Martin Raiser, Vice President for the South Asia Region of the World Bank, confirmed the increase in financial assistance.
During the meeting, Vice President Raiser also suggested that Nepal focus on improving the investment environment, implementing economic reforms, and fostering employment growth.
Last financial year, Nepal received 205 million USD in budgetary aid from the World Bank.
In response, Finance Minister Paudel assured that the current stable government provides a favorable environment for increased investment.
He also pledged to work collaboratively to ensure the timely completion of ongoing projects.
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