Nepali Times
Domestic Brief
Granting assistance


The main message from the official visit to Nepal by the Asian Development Bank's Vice President Liqun Jin was that the Manila-based institution was 'not abandoning Nepal'. Half of the assistance from the ADB would be grants from 2005, with the bigger chunk of it conditional on 'significant progress on governance and reform'. Jin said, "We know we are running out of time in terms of assessing progress but we will complete it soon and decide on the grant component. We stand with Nepal at this critical hour and remain committed to enhance our assistance should peace be restored." ADB was concerned about the conflict and its adverse impact on Nepal's development and he added: "This has become the most serious impediment to sustained economic growth and poverty reduction. ADB hopes that the government will continue its efforts towards achieving lasting peace."



LATEST ISSUE
638
(11 JAN 2013 - 17 JAN 2013)


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