Kathmandu, July 12
The World Bank (WB) has renewed its support to the Government of Nepal to strengthen the country’s efforts towards fiscal federalism and improving public financial management by pledging $100 million.
The assistance is announced under the Second Programmatic Fiscal and Public Financial Management Development Policy Credit Project.
The agreement was signed at the Ministry of Finance by Finance Secretary Lal Shanker Ghimire and the World Bank Country Manager for Nepal, Faris H. Hadad-Zervos.
“We are thankful for the support of the World Bank and development partners in the ongoing and dynamic process of federalism in Nepal,” stated Secretary Ghimire on the occasion.
“Nepal’s transition to a federal state is an ambitious agenda and the World Bank Group is committed to supporting the government in fulfilling this goal,” stated Faris H. Hadad-Zervos, World Bank Country Manager for Nepal.
Nepal’s transition to a federal state aims to bring services closer to the people and to increase the government’s effectiveness in the delivery of social and infrastructure services.
RSS
