MCC Deputy Vice President Concludes Nepal Visit

Kathmandu,Feb 12 : Jonathan Brooks, the Millennium Challenge Corporation’s Deputy Vice President for Europe, Asia, Pacific and Latin America, concluded a visit to Kathmandu, as part of on-going consultations in support of the U.S. partnership with the Government of Nepal and the $500 million MCC Compact. During his visit, Deputy Vice President Brooks met separately with the MCA-Nepal Board of Directors, Prime Minister Oli, and other high-level government officials involved in the compact. He noted the Government’s statements of...

Additional Financing For Earthquake Housing Reconstruction

Kathmandu,Feb 09 : The World Bank approved an additional credit of US$ 200 million (NPR 22.82 billion approximately) for the implementation of the Earthquake Housing Reconstruction Project (EHRP) in Nepal on January 14, 2020. An agreement to this effect was signed by Shreekrishna Nepal, Joint Secretary, Ministry of Finance and Faris H. Hadad-Zervos, World Bank Country Manager for Nepal. The EHRP and the second additional financing contribute to the Government of Nepal’s umbrella Housing Reconstruction Program (HRP) which aims...

Nepal donates 100 thousand units of protective masks to China

Kathmandu,Feb 07 : The government has decided to donate 100,000 units of protective masks to the Government of the People’s Republic of China as a gesture of friendship and solidarity with China’s fight against Novel Coronavirus. Minister for Foreign Affairs Pradeep Kumar Gyawali and Minister for Health and Population Bhanubhakta Dhakal handed over the consignment to the Ambassador of the People’s Republic of China, Ms Hou Yanqi today at the Ministry of Foreign Affairs.

Portable overhead bridge at Chabahil chowk

Kathmandu,Jan 31 : Kathmandu Metropolitan City has started construction of a portable steel overhead bridge at Chabahil chowk of Kathmandu for convenience of the pedestrians. The bridge is going to be constructed at a cost of Rs 8.266 million. The KMC had already signed the agreement with construction company- Kanchhaman Construction Service on November 13, 2019, in this connection. As per the agreement, the construction of the 23 metres long and two metres wide bridge should be completed within...

US, China Sings First Stage Of Trade Deal

Kathmandu,Jan 16 : After a 22-month trade deadlock and dozens of strenuous negotiations, China and the US signed their first trade agreement in Washington on Wednesday, officially hitting the pause key on the punishing battle that has inflicted serious wounds on the bilateral relationship, their economies and the global economy. President Donald Trump signed an initial trade deal with senior Chinese leaders that includes pledges from Beijing to more than double its purchases from American farmers in the first...

Tourism agencies announce discount offers in view of Visit Year

Kathmandu, Dec 29 : With only two days left for the beginning of Visit Year 2020, various tourism agencies have announced discount offers. They think the discount offers would encourage foreigners to prolong they stay in Nepal and visit frequently. The Visit Year being launched with formal programme on January 1 warrants attention and engagement of the people from diverse sectors for its grand success. The inaugural will be attended by the tourism ministers from 10 countries and special...

ADB And Nepal Sign US dollar 358 Million Loans In Total For Four New Projects

Kathmandu,Dec 11 : The Asian Development Bank and the Government of Nepal signed a $358 million loan in total for four new projects. The signing included a loan of $195 million to improve the highway section between Pokhara and Mugling, a $63 million loan in additional financing to improve flood management and river health in Nepal’s polluted Bagmati River Basin, a $50 million loan to improve the livelihoods and increase incomes of small farmers in Nepal and a $50...

Jhamsikhel Street Festival 2019

Kathmandu,Dec 04 : Jhamsikhel Youth Club is organizing the “4th Jhamsikhel Street Festival 2019” on December 7, Saturday, to mark the start of Visit Nepal 2020, a government campaign to bring in two million tourists in 2020. Organizing a press meet at Jhamsikhel on Tuesday, Spokesperson of the club Kaushal Ghimire said it would be the fourth time that the club was organizing the street festival. The festival would be inaugurated by Minister of Home Affairs Ram Bahadur Thapa....

Masatsugu Asakawa Elected ADB President

Kathmandu,Dec 02 : Masatsugu Asakawa has been unanimously elected President of the Asian Development Bank (ADB) by its Board of Governors. According to a press release issued by ADB, Asakawa, 61, currently Special Advisor to Japan’s Prime Minister and Minister of Finance, will assume office as ADB’s 10th President on 17 January 2020. He will succeed Takehiko Nakao, who will leave office on 16 January 2020. Mr. Asakawa will finish the unexpired term of President Nakao, which ends on...

Yunnan Province To Invest In Tamakosi III Hydropower Project

Kathmandu,Nov 26 : Governor of Yunnan Province of People’s Republic of China has shown its interest to invest and collaborate with Nepal in Energy, Technology and Tourism sector. Talking to Minister of Energy, Water Resources and Irrigation Barsha Man Pun Ananta visiting Governor of Yunnan Province Ruan Chengfa expressed his willingness. During the meeting, minister Pun expressed happiness over the information that Yunnan provincial government is itself investing in Tamakosi III Hydropower sector. According to a press release issued...

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