Tag Archives: SASEC

Nepal could lose funding, ADB warns

Asian Development Bank (ADB) today warned of cutting off the funds, if the government doesnot increase efficiency in spend on development projects. Addressing Tripartite Portfolio Review Meeting – between ADB headquarter, Nepal Resident Mission and governmet – director general Hun

ADB, Norway to help Nepal overcome crippling power shortage

Norway has pledged a grant of 360 million Norwegian kroner ($60 million) for power sector to be spent under the Sub-Regional Economic Cooperation (SASEC) Power Expansion Project. The project’s lead donor, the Asian Development Bank (ADB), will administer the Norwegian

Nepal gets foreign aid commitment of Rs 55.29 billion

The country received foreign aid commitment of Rs 55.29 billion in the first six months of the current fiscal year 2013-14. According to the Ministry of Finance, Rs 37.46 billion was pledged as grants, where Rs 17.83 billion was loans.