world bank
Nepal Gears Up to Host Major World Bank Meeting
Nepal is gearing up to host a major international economic conference, as Finance Minister Barshaman Pun and Martin Rager, Vice President of the World Bank for South Asia, convened in Kathmandu to discuss preparations for the upcoming 21st meeting of the World Bank’s International Development Association (IDA). The high-profile summit, scheduled to take place from […]
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Nepal Finance Minister Urges US Investors for Opportunities
Finance Minister Barshaman Pun, currently in the US, has captured the attention of American investors towards Nepal. He urged them to explore investment prospects. During a roundtable discussion organized by the US Chamber of Commerce in Washington on Wednesday, Finance Minister Pun emphasized the need for investors to identify opportunities in Nepal. Anjali Kaur, Deputy […]
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World Bank to Lead Funding for 1,063 MW Upper Arun Hydropower Project in Nepal
In a significant development, the World Bank has agreed “in principle” to spearhead the financing efforts for the ambitious 1,063 MW Upper Arun hydropower project in Sankhuwasabha, Nepal, announced the Finance Ministry on Friday. The Upper Arun project, situated along the Arun River in eastern Nepal, is projected to require an investment of $1.71 billion. […]
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Nepal Finance Minister Advocates for Increased World Bank Support in Washington Meeting
Nepal’s Finance Minister, Barsa Man Pun, recently met with Akihiko (Aki) Nishio, Vice President of Development Finance, and Guangzhe Chen, Vice President for Infrastructure, at the World Bank in Washington. During the meeting, Minister Pun expressed gratitude to Vice Chairman Akihiko (Aki) Nishio for agreeing to host the 21st meeting of the International Development Association […]
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The judgment of the case filed by Ncell in the international court demanding 45.6 billion compensation from Nepal is coming
Kathmandu. The case being heard in the International Court was submitted by the mobile service provider Ncell Asiata Limited, who sought 348 million US dollars (more than Rs. On March 7, the entire procedure in this case was concluded by the tribunal (arbitration) established by the World Bank’s ICSID Center for the International Settlement of […]
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