Govt. to receive 12 million USD grant from World Bank

KATHMANDU, JANUARY 14 : The government has decided to receive a $12 million grant (approximately Rs 1.63 billion) from the World Bank (WB).Minister for Information and Communications Prithvi Subba Gurung, who also serves as the government's spokesperson, announced this decision following a cabinet meeting held last Friday.

Additionally, the government pledged to increase the paid-up capital of the Citizen Investment Fund to Rs 6.48 billion.