The World Bank approved today a $450 million project to help Nepal improve its roads and set the course for post-COVID-19 economic recovery through greater cross-border trade, more jobs, especially for women, and better road safety. “In the context of COVID-19, protecting people’s lives is the priority, and giving a fillip to economic recovery is equally urgent,” stated Faris Hadad-Zervos, World Bank Country Manager for Nepal. “Our support will pave the way for Nepal’s COVID-19 recovery by making roads safer and more efficient while helping move people and goods, creating jobs, and generating demand for local products and services.”
VYCCU Savings and Credit Cooperative Organization based in Gaindakot-8, Nawalpur has regularly delivered its day-to-day service by providing personal protective equipment (PPEs) to its frontline employees. Adhering to its organizational motto of providing services to its member from 'womb to tomb', VYCCU is continually providing its service even during the never-ever experienced difficult time.
The World Bank approved an additional credit of US$ 200 million (NPR 22.82 billion approximately)for the implementation of the Earthquake Housing Reconstruction Project (EHRP) in Nepal on January 14, 2020. An agreement to this effect was signed today byMr. Shreekrishna Nepal, Joint Secretary, Ministry of Finance and Mr. Faris H. Hadad-Zervos, World Bank Country Manager for Nepal.
The EHRP and the second additional financing contribute to the Government of Nepal’s umbrella Housing Reconstruction Program (HRP) which aims to rebuild earthquake-resistant core housing units by providing housing grants to eligible beneficiaries who have enrolled in the program.
In line with its vision to be a leading commercial bank with pan Nepal presence and become a household name, providing wide range of financial products and services under one roof, Everest Bank signs MOU with NRNA to provide special facilities to NRN opening bank account with Everest Bank
Everest Bank has launched Home Loan Scheme targeting the middle class & lower middle-class families. The campaign is launched with flexible EMI as low as Rs. 9,363 only stating “When Bank’s EMI is lower than the House Rent then it’s Better to pay Bank’s EMI than the Rent”.
Asakawa, 61, currently Special Advisor to Japan’s Prime Minister and Minister of Finance, will assume office as ADB's 10th President on 17 January 2020. He will succeed Takehiko Nakao, who will leave office on 16 January 2020. Asakawa will finish the unexpired term of President Nakao, which ends on 23 November 2021.
The Government of Nepal and the World Bank signed two separate agreements today to improve employment services and labor market outcomes for Nepali youth and continue support for the government’s flagship School Sector Development Program. The agreements were signed today at the Ministry of Finance by Finance Secretary Dr. Rajan Khanal and the World Bank Country Manager for Nepal, Faris H. Hadad-Zervos.
The Asian Development Bank (ADB) and the Government of Nepal today conducted a tripartite portfolio review meeting of ADB-supported projects in the country. The objective of the review was to improve project implementation and help deliver timely and effective development results on the ground.
The Asian Development Bank (ADB) has approved a loan of $195 million to improve the highway section between Pokhara and Mugling, which links Pokhara to Kathmandu and to subregional corridors connecting Nepal with India and Bangladesh. “The project will boost the traffic capacity, reliability, and safety of the main road link from Pokhara,” said ADB Transport Specialist Mr. Johan Georget. “The highway will be widened to four lanes, and this will reduce travel times, lower transport costs, and improve access to domestic markets, jobs, and social services.
Laxmi Bank inaugurated its 116th Branch inTahachal, Kathmandu. This branch will offer full range of retail banking services including small businesses. With the above new addition,Laxmi Bank network now includes 116Branches across 48districts, 2 Extension counters and 4 hospital service counters, 140ATMs, 2,500 remittance agents and 64 branchless banking agents spread across the country. T
Global IME Bank has partnered with the Bank Albilad of Saudi Arabia for providing remittance service. The remittance service was formally inaugurated on Wednesday amidst a special function organized at the headquarters of Bank Albilad, Saudi Arabia.
“My Card Ideas” is a design crowdsourcing competition aimed at fostering engagement and collaboration with the existing and potential customers of the bank by allowing them to "unleash their creativity" in designing the bank’s new set of Visa debit cards.
To mark its 25th Foundation Day, the Bank on 18th October 2019 conducted various CSR programs at its Head Office, Lazimpat, in coordination with NORVIC International Hospital & Nepal Red Cross Society.
Marking the auspicious occasion of Ghatasthapana, Nepal Investment Bank Limited has launched their payment gateway with the aim of facilitating the safest and most convenient online transactions for debit/credit Visa cardholders. The payment gateway facilitates real-time payment transaction by the transfer of information between a merchant's payment portal (website, etc.), the acquiring bank, card interchanges like Visa, etc. and the issuing bank.