April 11, 2024 19:31 pm
KATHMANDU, April 11: The Asian Development Bank (ADB) has projected that Nepal’s economy is to grow by 3.6 percent (at market prices) in 2024.
March 16, 2024 20:25 pm
KATHMANDU, March 16: Country representatives of the World Bank and Asian Development Bank (ADB) in Nepal have conducted consultations with leaders of various industry associations to gather feedback about ADB’s and the World Bank Group (WBG)’s engagements in Nepal.
February 16, 2024 19:19 pm
KATHMANDU, Feb 16: Four months after awarding the contract, the delay in selecting a consultant for the Laukahi-Kakarvitta road upgradation project, worth Rs 40 billion, has caused a dilemma regarding the timely completion of work.
December 3, 2023 21:56 pm
KATHMANDU, Dec 3: The Asian Development Bank (ADB) has launched a scheme to help assess and manage climate and disaster risks in the Hindu Kush Himalaya region.
November 29, 2023 14:45 pm
KATHMANDU, Nov 28: Government officials deny allegations, while experts and stakeholders attribute New Delhi's hesitance to grant a new air entry route as the reason behind GBIA's failure to attract int'l airlines.
November 24, 2023 15:31 pm
KATHMANDU, Nov 24: The Government of Nepal and the Asian Development Bank (ADB) signed an agreement for concessional loan amounting to Rs 13.3 billion (USD 100 million) for the implementation of programs of Public Finance Management and Strengthening Service Delivery.
November 3, 2023 16:30 pm
KASKI, Nov 3: The Asian Development Bank (ADB) is going to support more projects in Pokhara, Kaski. The bank, which has supported Pokhara's tourism, infrastructure development, and drainage, wants to invest in more projects.
November 2, 2023 21:15 pm
KATHMANDU, Nov 2: The Asian Development Bank (ADB) has expressed its commitment to invest in the 635-megawatt Dudh Koshi reservoir type hydropower project.
July 6, 2023 20:43 pm
KATHMANDU, June 6: The government has approved the acquisition of land in Sindhupalchok, Palpa and Nawalparasi (Bardghat Susta) districts for the construction of power transmission lines and substations to MCA Nepal.
May 17, 2023 19:34 pm
KATHMANDU, May 17: The Asian Development Bank (ADB) has approved a $300 million loan to improve transport connectivity of the Kakarbhitta–Laukahi road in Nepal to international trade routes, particularly to India and Bangladesh.
April 27, 2023 15:00 pm
CHITWAN, April 27: The work of undergrounding electric wires on the main highway of Bharatpur Metropolitan City, Chitwan, is underway.
April 24, 2023 15:30 pm
KATHMANDU, April 24: Nepal has urged the Asian Development Bank (ADB) to invest in projects which are productive and capable of creating jobs.
November 7, 2022 19:35 pm
KATHMANDU, Nov 7: The Asian Development Bank (ADB) is investing over Rs 10 billion for cultivation of walnut and fruits in the hilly region of Nepal.
September 21, 2022 18:40 pm
KATHMANDU, Sept 21: Nepal’s economy is estimated to grow moderately by 4.7 percent (at market prices) in 2023, according to the Asian Development Bank (ADB).
September 14, 2022 19:45 pm
KATHMANDU, Sept 14: The Asian Development Bank (ADB) on Tuesday approved US $70 million of financing to improve the livelihood and climate resilience of horticulture farmers in the hilly areas of five provinces in Nepal.
April 6, 2022 18:35 pm
KATHMANDU, April 6: The Asian Development Bank (ADB) has projected a 3.9 percent economic growth rate for Nepal in the current fiscal year - almost half of the government-forecast rate of seven percent.
March 19, 2022 19:42 pm
KATHMANDU, March 19: Micro, small and medium enterprises (MSMEs) have to be made free from procedural hassles and financially supported as they generate huge employment opportunities for countries like Nepal.
March 15, 2022 19:39 pm
KATHMANDU, March 15: The Asian Development Bank (ADB) is injecting US $ 932 million in 2022 in Nepal - around four-folds of the amount disbursed in 2021.
October 19, 2021 06:30 am
KATHMANDU, Oct 19: Asian Development Bank (ADB) has sought to promote cleaner cooking and heating solutions to the people from developing member countries (DMCs), who are living without access to modern energy systems.
October 13, 2021 17:41 pm
KATHMANDU, OCT 13: The Asian Development Bank (ADB) is investing a total of US $ 100 billion on climate financing to its developing member countries (DMCs).
September 22, 2021 19:15 pm
KATHMANDU, Sept 22: Owing to prevailing high infection rates of the coronavirus, the Asian Development Bank (ADB) has revised Nepal’s economic growth rate to 4.1 percent from an earlier projection of 5.1 percent in 2022.
September 21, 2021 07:30 am
KATHMANDU, September 21: The Asian Development Bank (ADB) on Monday approved a loan worth US $ 60 million to Nepal as an additional support for the country’s ongoing Electricity Grid Modernization Project that is upgrading power transmission and distribution systems across the country.
August 11, 2021 19:30 pm
KATHMANDU, August 11: The government has signed an agreement with the Asian Development Bank (ADB) to receive a subsidized loan of Rs 19.58 billion to procure vaccines against COVID-19.
July 22, 2021 19:15 pm
KATHMANDU, July 22: The Asian Development Bank (ADB) on Thursday approved a loan of US $165 million to Nepal to purchase safe and effective vaccines against the COVID-19 pandemic.
July 6, 2021 17:21 pm
KATHMANDU, July 6: The Asian Development Bank (ADB) has appointed Arnaud Cauchois as new Country Director for Nepal.
May 5, 2021 18:07 pm
KATHMANDU, May 5: The Asian Development Bank (ADB) has launched an Asia Pacific Tax Hub, with the aim to create an open and inclusive platform to promote strategic policy dialogue, improve knowledge-sharing, and strengthen coordination on tax policy and administration among ADB, its members, and development partners.
April 28, 2021 19:00 pm
KATHMANDU, April 28: The Asian Development Bank (ADB) has projected that Nepal’s economic growth rate will stand at 3.1 percent in the current fiscal year, which is higher than the ones forecast by similar other international institutions.
December 30, 2020 19:32 pm
KATHMANDU, Dec 30: Asian Development Bank (ADB) is providing a loan amount worth Rs 18.25 billion (156 million US dollar) for upgrading the electricity grid system in Nepal.
December 24, 2020 10:56 am
KATHMANDU, Dec 24: The government of Nepal and Asian Development Bank (ADB) signed US dollar 150 million concessional loan agreement to finance South Asia Sub regional Cooperation (SASEC) Airport Capacity Enhancement Project and US$ 40 million concessional loan and US$10 million grant for the implementation of Priority River Basins Flood Risk Management Project.
November 27, 2020 14:49 pm
The project aims to modernize power transmission and distribution systems
October 29, 2020 15:56 pm
KATHMANDU, Oct 29: The Asian Development Bank’s (ADB) venture capital arm ADB Ventures has provided the Good Bricks System, a non-fired brick making solution in Nepal, a $125,000 grant to reduce the industry’s harmful impact on the environment and health. The grant gives ADB Ventures the option to make a future equity investment in the Good Bricks System.
December 10, 2019 16:40 pm
KATHMANDU, Dec 10: A loan agreement has been signed between Asian Development Bank and Nepal Government for four different projects today.
December 2, 2019 16:15 pm
KATHMANDU, Dec 2 : Masatsugu Asakawa has been unanimously elected President of the Asian Development Bank (ADB) by its Board of Governors.
September 28, 2019 08:39 am
KATHMANDU, Sept 28: Nepal’s economy is likely to grow by 6.3% in the current Fiscal Year 2019/20, according to the latest projection of Asian Development Bank (ADB).
April 3, 2019 19:15 pm
KATHMANDU, April 3: The Asian Development Bank (ADB) has estimated Nepal's economy to grow at 6.2% in fiscal year (FY) 2019 and 6.3% in FY 2020.
February 20, 2019 12:55 pm
KATHMANDU, Feb 20: The Asian Development Bank (ADB) is partnering in a new professional network launched today in Kathmandu to promote more female practitioners in South Asia’s energy and power sector.
December 21, 2018 04:00 am
KATHMANDU, Dec 21: The Supreme Court on Thursday overturned its own three-year-old judgments that slapped jail sentences to two Agricultural Development Bank staffers convicted of defrauding the bank.
December 5, 2018 04:00 am
KATHMANDU, Dec 5: Patan High Court on Sunday issued an interim order against the contract award process for expanding the Kanchanpur-Kamala road, citing discrepancy in the eligibility criteria for contract bidders .
November 23, 2018 17:43 pm
KATHMANDU, Nov 23: The Asian Development Bank (ADB) has said improving project implementation performance is the key to Nepal getting more funds for development.
November 20, 2018 16:06 pm
KATHMANDU, Nov 20: The Asian Development Bank has agreed to provide US Dollar 343.9 million as development assistance for two projects.
October 5, 2018 03:30 am
KATHMANDU, Oct 5: The Asian Development Bank (ADB) has announced to provide Nepal a loan of US$ 180 million to support improvement of East-West Highway.
September 27, 2018 16:53 pm
KATHMANDU, Sept 27: The Board of Directors of the Asian Development Bank (ADB) has approved a loan of $130 million to improve access to community-managed water supply and sanitation in 20 urban municipalities of Nepal.
September 27, 2018 05:15 am
KATHMANDU, Sept 27: Asian Development Bank (ADB) has forecast Nepal's economy to grow by 5.5 percent in Fiscal Year 2018/19.
September 26, 2018 17:51 pm
KATHMANDU, Sept 26: Nepal’s economy is anticipated to grow by 5.5% (at basic prices) in fiscal year (FY) 2019, down from 5.9% a year earlier says the latest Asian Development Bank (ADB) Nepal Macroeconomic Update.
July 6, 2018 13:26 pm
DHAKA, July 6: The Asian Development Bank (ADB) on Friday approved a grant of $100 million to Bangladesh, the first half of an assistance package to develop basic infrastructure and services for refugees from neighboring Myanmar, the bank said.
June 15, 2018 06:50 am
KATHMANDU, June 15: The government has decided to recall Alternative Director of Asian Development Bank (ADB), Dr Som Lal Subedi.
June 15, 2018 06:00 am
KATHMANDU, June 15: The government has decided to recall Alternative Director of Asian Development Bank (ADB), Dr Som Lal Subedi.
May 5, 2018 07:55 am
MANILA, Philippines, May 5: Nepal has sought investment from the Asian Development Bank (ADB) on major infrastructure projects that can link urban and rural areas, support the implementation of federalism, provide grants for the earthquake reconstruction efforts, and finance programs to achieve Sustainable Development Goals (SDGs).
April 11, 2018 15:04 pm
KATHMANDU, April 12: Asian Development Bank (ADB) has said that Nepal's economy is anticipated to grow by 4.9 percent in the FY2017/18, down from 6.9 percent of economic growth a year ago.
March 1, 2018 08:51 am
KATHMANDU, Mar 1: Women, the poor and excluded groups face various structural barriers in fully benefiting from Nepal’s energy sector, according to a new report of the Asian Development Bank (ADB). The recently released report entitled ‘Gender Equality and Social Inclusion Assessment of the Energy Sector’ assesses the status of energy access in Nepal, and their implications for women and the socially excluded.