The World Bank gave 80 million dollars to Nepal

The World Bank has approved a loan agreement of more than 80 million dollars for Nepal.

The executive board meeting of the World Bank has approved a loan for Nepal worth 80 million dollars, i.e. 10.68 billion 91 million rupees. This loan will be used to increase stability, diversification, financial solutions and access to financial services in Nepal's economic sector.

According to the World Bank, the assistance will strengthen the supervision of Nepal's banking and insurance sector and promote the innovation of new financial products in capital, insurance and disaster risk.