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World Bank Assistance for Nepal
Issue 45, November 09, 2008
By KTM Metro Reporter in Kathmandu
On Sunday, November 02, 2008, World Bank's Country Director for Nepal Susan G Goldmark and Secretary to Ministry of Finance Rameshwore Khanal exchanged a memorandum of understanding on providing Nepal with $36 million to support the poverty alleviation program in Nepal, $19 million grant assistance and $17 million soft loan. The money would be used for providing the poor households with food and basic needs in the food-deficit districts. The World Bank will provide the money in three phases primarily for purchasing fertilizers, seeds and food grains.
