Kathmandu: The Asian Development Bank (ADB) on Thursday said it has approved a USD 50 million loan to the Nepal government to support the implementation of policy reforms and help improve the Himalayan nation’s domestic and international trade with its key economic partners like India and Bangladesh.
“The development of the trade and industry sector will boost competitiveness and help steer the country toward sustainable economic growth,” said ADB South Asia Department’s Director of Regional Cooperation and Operations Coordination, Thiam Hee Ng.
“Furthermore, improved trade facilitation can boost exports and help address Nepal’s balance of payment,” he said.
