Tag Archives: MDGs

ADB pledges $200 million for reconstruction

Asian Development Bank (ADB) today pledged $200 million (nearly Rs 20 billion) for the reconstruction of Nepal ravaged by the 7.8-magnitude devastating earthquake on April 25. Finance Minister Dr Ram Sharan Mahat informed that the ADB has – during the

Nepal to be completely literate by the end of current fiscal year

The government has claimed that the country will be ‘total literate’ by the end of the current fiscal year. Currently, Nepal’s literacy rate stands at 65.9 per cent, according to National Census 2011 by Central Bureau of Statics. However, over

World Bank increasing aid to Nepal

World Bank has pledged to increase its aid to Nepal. World Bank managing director Sri Mulyani Indrawati during a meeting with finance minister Dr Ram Sharan Mahat in Washington assured him that the multilateral donor is increasing its aid to

EU renews its commitment towards development in Asia

EU Commissioner for Development Andris Piebalgs recently announced over €6.5 billion in new support for countries and organisations in Asia for the period 2014-2020. He announced the support during a two-day event that discussed development cooperation with authorities from the

Nepal adds 550,000 unemployed youth every year: UNCTAD

Demographic trends show that Nepal needs to create 550,000 decent jobs every year, according to a report. The number of young people of working age in Nepal is currently increasing by 550,000 a year, and by 2020 it will climb

ADB president inaugurates new Bhutan office, vows to support development

Asian Development Bank (ADB) president Takehiko Nakao said today that ADB is committed to working closely with Bhutan government and its people and ongoing efforts to broaden the economy should be strengthened. Nakao was in Bhutan for the first time

UNIDO assures Nepal of full technical support for industrial development

United Nations Industrial Development Organisation (UNIDO) has committed to support Nepal in its drive for inclusive and sustainable industrial development and assured to engage with Nepal on fullest possible scale through various projects to be worked out jointly through a

Trade is key to development post-2015: Koirala

Nepal has asked to place trade at the centre of development discourse in defining the post-2015 development agenda. Addressing a meeting of the Trade Ministers of the Consultative Group of Least Developed Countries (LDCs) in the World Trade Organisation (WTO)

IMF suggests to tighten liquidity to tame inflation

International Monetary Fund (IMF) has  suggested to tighten liquidity conditions to guard against risks of rising inflation and reduce inflation expectations. Deputy Managing Director of the International Monetary Fund (IMF) Naoyuki Shinohara at the concluding ceremony of the South East

Despite conflict Nepal halves poverty incidents

Nepal has been on track to achieve MDGs among a group of 13 Least Developed Countries (LDCs), including some which are emerging from conflicts and others that are highly fragile like Nepal, according to a new report co-authored by the