News and Announcements
Govt agrees to $36 m climate change loan
HIMALAYAN NEWS SERVICE
KATHMANDU: Despite criticism by parliamentarians, the Ministry of Environment today finally agreed for a loan of $36 million from the Climate Investment Funds — a multi-donor trust.
The meeting between the World Bank officials and a team led by the Joint Secretary of the Ministry of Environment, Meena Khanal, in Cape Town, decided to go ahead with the Pilot Project Climate Resilience through loan and grant.
Nepal should not depend on foreign aid, says former envoy
KATHMANDU: A former diplomate suggestes Nepal to reduce dependency on aid.
The president of Canada’s International Development Research Centre (IDRC) and the former Ambassador of Canada to Nepal and India David Malone said that the content and context of the discussions on aid policy is changing globally so Nepal should lower its dependency on the development aid assistance to ensure the better future.
