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World Bank to provide Rs. 8.88 billion assistance to Nepal

KATHMANDU:: The International Development Association (IDA) of the World Bank has agreed  to provide an assistance of Rs. 8.88 billion ( US dollars 100 million)  to the Nepal Government.

Of the total assistance, Rs, 5.33 billion will be used for bridges improvement and maintenance programme and remaining Rs.3.55 billion for Sunaula Hazar Din-community Action for Nutrition Projects.

Two different agreements to this effect were signed at the Ministry of Finance, Friday.

The objective of the first programme is to provide safe, reliable and cost effective bridges on the Strategic Roads Network ( SRN ) of Nepal while the objective of the second programme is to improve attitudes and practices  known to improve nutritional outcomes of women of reproductive age and children under the age of two.

Secretary at the Ministry, Lal Shankar Ghimire, and Bigyan Pradhan, WB Acting Country Manager signed the agreements on behalf of respective sides.

On the occasion, Secretary Ghimire expressed gratitude to the WB for its assistance and for the continued support in the socio-economic as well as infrastructural development of Nepal. RSS

Published Date: Friday, July 13th, 2012 | 05:54 AM

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