KATHMANDU:- Minister for Finance Dr Yubaraj Khatiwada has spoken of the need for the Asian Infrastructure Investment Bank (AIIB) to be flexible in providing subsidized loan to the low income countries like Nepal.
Addressing the fifth annual meeting of the AIIB’s Board of Governors, Minister Khatiwada asserted that the AIIB should collaborate with other international financial institutions and to invest sustainably for the physical infrastructures.
The AIIB is a multilateral development bank that aims to support the building of infrastructures in the Asia-Pacific region. Inaugurated by the Chinese President Xi Jinping, the Bank began its operations in January 2016 and has currently 103 approved members worldwide.
The Minister viewed that more investment should be attracted to the health sector of Nepal and to revitalize the economy affected by the COVID-19 pandemic.
Comment here !
KATHMANDU;- The World Bank’s representatives including its Vice-President for South Asian region Hartwig Schafer have paid a courtesy call on
KATHMANDU;- The International Monetary Fund warned on Friday that Australia must act to curb runaway home prices, which have surged
By Laxmi Prasad Sapkota, KATHMANDU;- The Lower Modi-1 Hydropower Project in Parbat district that was damaged by flood on September
KATHMANDU:- The Nepal Rastra Bank (NRB) has unveiled a new provision ensuring concessional loan for the establishment of electronic vehicle