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World Bank approves $150 mln to strengthen Nepal’s disaster response and resilience

WASHINGTON: The World Bank’s Board of Executive Directors today approved $150 million in contingent financing for the Government of Nepal to use in the event of a natural or climate-induced hazard or health emergency in Nepal. The Nepal Disaster Resilience Development Policy Credit with Catastrophe Deferred Drawdown Option (Cat...

World Bank approves $150 mln to strengthen Nepal’s disaster response and resilience
Nepal government forms high-level commission to address economic reforms

Nepal government forms high-level commission to address economic reforms

Nepal government opens 57 new peaks for climbing, expanding opportunities for adventure tourism

Nepal government opens 57 new peaks for climbing, expanding opportunities for adventure tourism

Middle East conflict between Iran and Israel sparks global oil price surge, Nepal braces for economic impact

Middle East conflict between Iran and Israel sparks global oil price surge, Nepal braces for economic impact

PM Oli calls for swift action to export electricity via Bangladesh, aims for 28,500 MW by 2035

PM Oli calls for swift action to export electricity via Bangladesh, aims for 28,500 MW by 2035

Nepal slashes international flights by 50pc, impacting both domestic and foreign airlines

Nepal slashes international flights by 50pc, impacting both domestic and foreign airlines

Insurance claims from recent floods and landslides surpass Rs 2.67 bn, with expectations of further increases

Insurance claims from recent floods and landslides surpass Rs 2.67 bn, with expectations of further increases

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Kul Man Ghising’s vision for South Asian energy cooperation: A landmark agreement and future prospects

Kul Man Ghising’s vision for South Asian energy cooperation: A landmark agreement and future prospects

Landmark tripartite power trade deal signed between Nepal, Bangladesh, and India

Landmark tripartite power trade deal signed between Nepal, Bangladesh, and India

Nepal and Bangladesh sign historic agreement for 40 MW electricity trade

Nepal and Bangladesh sign historic agreement for 40 MW electricity trade

NRB issues stern warning to BFIs on money laundering: strict actions to follow

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Efforts begin to resume power production from Upper Tamakoshi

Efforts begin to resume power production from Upper Tamakoshi

CIAA seizes crucial documents from Civil Aviation Authority amidst corruption probe

CIAA seizes crucial documents from Civil Aviation Authority amidst corruption probe

World Bank forecasts 5.1pc economic growth for Nepal in FY 2025

World Bank forecasts 5.1pc economic growth for Nepal in FY 2025

Deposit and loan disbursement surge as Nepal’s economy shows signs of recovery

Deposit and loan disbursement surge as Nepal’s economy shows signs of recovery

NEA struggles to restore power in Ilam, Panchthar, Taplejung after flood damages transmission tower

NEA struggles to restore power in Ilam, Panchthar, Taplejung after flood damages transmission tower

Insurance regulatory authority eases capital requirements for insurance companies

Insurance regulatory authority eases capital requirements for insurance companies

Continuous downpour sparks catastrophic flooding and landslides in Nepal, highlighting climate change vulnerabilities

Continuous downpour sparks catastrophic flooding and landslides in Nepal, highlighting climate change vulnerabilities

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