The World Bank has provided a grant of US$ 127 million (approximately Rs 8.89 billion) to help the government of Nepal consolidate the peace process and to scale up the delivery of basic services to under-served rural populations.
Three agreements were signed in Kathmandu Tuesday by Finance Secretary Rameshwore Khanal and Susan Goldmark, the World Bank Country Director for Nepal in presence of Finance Minister Dr. Baburam Bhattarai and Isabel Guerrero, the World Bank Vice President for South Asia.
The US$ 50 million grant for the Emergency Peace Support Project intends to help Nepal fulfill commitments made under the Comprehensive Peace Agreement and the subsequent 23 Point Agreement.
"All three projects are anchored in the Nepali agenda