२०७८ आश्विन १० , आइतवार

English News

World Bank Approves $100 Million Additional Financing to Strengthen Nepal’s School and Health Sectors

Sunakhari News/ WASHINGTON- The World Bank’s Board of Executive Directors today approved two separate additional financing of $50 million each to support the implementation of the government’s flagship School Sector Development Program, and improve efficiency in the public resource management systems of Nepal’s health sector.   “Strengthening Nepal’s school sector and building resilient health systems are critical for human capital development, particularly for poor and vuln....

South Asia Must Reform Debt-Accumulating State-Owned Banks and Enterprises to Avert Next Financial Crisis

Sunakhari News/ WASHINGTON - 2021—South Asia’s heavy reliance on state-owned commercial banks, state-owned enterprises, public-private partnerships and other national and sub-national public entities conceals its vulnerability to accumulating unsustainable levels of debt, according to a new World Bank report, Hidden Debt: Solutions to Avert the Next Financial Crisis in South Asia, released today.   South Asia is more exposed to the risk of “hidden debt” from state-owned commer....

Italy extends support to Nepal to fight COVID pandemic

Sunakhari News/ Kathmandu - A consignment of medical equipment and supplies from Italy arrived early Friday morning to support Nepal fight the second wave of the pandemic through the EU Civil Protection Mechanism. Italy is among the 12 EU Member States –Spain, Finland, France, Belgium, Germany, Slovenia, Austria, Malta, Denmark and Ireland responding to Nepal’s call for assistance. More support is expected soon from Lithuania and Germany.   “In these challenging times, Italy is ....

Online nomination of ICT Award 2021 started for 11 different categories

Sunakhari News /Kathmandu - The online nomination (application) of the sixth edition of the ICT Award, established as a prestigious award in the field of Information and Communication Technology, has started from today, i.e. Ashar 8, 2078 (accordingly, June 22, 2021). Award nominations in 11 different categories have been opened for the ICT Award 2021 organized by Living with ICT and in collaboration with various government and private organizations. The online nominations for the ICT Awards ....

‘Budgetary policies and commitments are only to be announced and never to be fulfilled’

Dr. Prakash Chandra Lohani - The present government has been insisting that it is working for the people. But when you have seen its utter negligence in its handling of the COVID-19; when you have seen its failure to institutionalize a sense of logic and rationality in public administration; when there is no regard for its own rules and regulations; when it is insisting that the illegal dissolution of the parliament is the only way democratic content of the present constitution; when the governm....

DPM Mahato claims he is fully committed to national unity and territorial integrity

Sunakhari News/ Kathmandu- Deputy Prime Minister (DPM) amd Urban Development Minister Rajendra Mahato has claimed that he is fully committed to national unity and territorial integrity.   Issuing a statement Saturday night after his statement about multi-national state made after induction in the Cabinet was widely condemned, Janata Samajwadi Party (JSP) leader Mahato has claimed that his statement has been distorted and misinterpreted.   He has sworn allegiance to Artic....

Nepal Receives $75 million for COVID-19 Vaccines and Stronger Response to Pandemic

WASHINGTON – The World Bank’s Board of Executive Directors today approved $75 million from the International Development Association (IDA) to support access to safe and effective COVID-19 vaccines and equitable vaccine distribution by strengthening Nepal’s health and vaccination system. The financing is expected to facilitate vaccination of at least one-third of the population through an equitable distribution plan.   “The pandemic presents immense challenges and an uncertain ....

More women entrepreneurs borrowing from financial institutions due to pandemic

Sunakhari News/ Kathmandu - Despite the troubles brought by the COVID-19, the pandemic might emerge as the turning point for the women entrepreneurs as the figures suggest 85 percent jump in the loans offered to the women-owned enterprises in the last seven months. The information was shared during a webinar organized on the impact of the COVID-19 on the women entrepreneurs in Nepal, here today. By mid-July 2020 financial institutions’ lending to women entrepreneurs stood at NPR 4 billion, ....

Global Economy to Expand by 4% in 2021 : World Bank

Sunakhari News / Kathmandu - The global economy is expected to expand 4% in 2021, assuming an initial COVID-19 vaccine rollout becomes widespread throughout the year. A recovery, however, will likely be subdued, unless policy makers move decisively to tame the pandemic and implement investment-enhancing reforms, the World Bank says in its January 2021 Global Economic Prospects.   Although the global economy is growing again after a 4.3% contraction in 2020, the pandemic has caused a h....

Government of Nepal and World Bank sign $80 Million for Rural Enterprise and Economic Development

Sunakhari News / Kathmandu -The Government of Nepal and the World Bank signed a $80 million (around NPR 9.3 billion) million project today to bolster Nepal’s agriculture sector by strengthening rural market linkages and promoting entrepreneurship while creating jobs to support post-COVID-19 recovery. The Rural Enterprise and Economic Development Project (REED) project was signed by Finance Secretary Mr. Sishir Kumar Dhungana on behalf of the Government of Nepal, and the World Bank Country Dire....