ADB President Meets Nepal Prime Minister as Jobs and Investment Support is Stepped Up
Nepal, July 7 -- Asian Development Bank (ADB) President Masato Kanda met Prime Minister Balendra Shah in Kathmandu as ADB and Nepal mark 60 years of partnership and deepen support for the country's economic transformation, job creation, and investment. During his visit, ADB signed two loan agreements totaling $165 million as part of its annual commitment. A $115 million project will bring reliable, safely managed water and sanitation services to more than 850,000 people, while a $50 million policy-based loan will modernize the systems that move goods across Nepal's borders, helping businesses reduce costs, improve efficiency, and enhance competitiveness through digitalization and streamlined procedures.Mr. Kanda toured ADB-financed projects...
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