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More ADB loans


The Asian Development Bank (ADB) says it is willing to give Nepal up to $300 million in loans between 2003-2005 to support 13 proposed projects. However, Nepal will see the money only if it is able to perform in accordance with criteria set to assess its macroeconomic performance, policy reforms in different sectors and ability to use the money. By ADB standards Nepal's performance is a "base case," which makes it eligible to borrow between $90-100 million annually from the bank's concessional lending window, the Asian Development Fund. The bank has also said yes to about 24 non-loan grants as technical assistance, which add up to about $4 million each year. Sector-wise, there are to be six loans in agriculture and natural resources, two in finance and industry, three in social infrastructure, one in energy and one in transport and communications.


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


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