Business

Kathmandu. The International Development Association-IDA meeting of the World Bank Group has started in Kathmandu. Prime Minister Pushpa Kamal Dahal inaugurated the meeting. On the occasion, Prime Minister Dahal said that the path of…
Read More...

MANILA  — The Asian Development Bank (ADB) signed a $50 million commitment to Actis Asia Climate Transition Fund, an infrastructure fund managed by Actis, a global sustainable infrastructure investor, to help accelerate the clean energy…
Read More...

Mumbai  - Airbus Helicopters’ H145, has entered India’s energy sector with Heligo Charters Private Limited (HCPL). The first of these helicopters has been deployed for offshore transportation with the Oil and Natural Gas Corporation (ONGC).…
Read More...

MANILA — The Government of Canada and the Asian Development Bank (ADB) announced a partnership to create a new Can$360 million trust fund (about $255 million). The Canadian Climate and Nature Fund for Private Sector in Asia (CANPA) will…
Read More...

Kathmandu. Handicrafts worth Rs.3 billion, 26,34,16,470 have been exported from Nepal to foreign countries. According to the information given by the Nepal Handicraft Federation, handicrafts worth more than three billion worth of Nepalese…
Read More...

Poverty in Myanmar is more widespread than at any time in the last six years and growth in the conflict-torn nation is likely to remain at a measly 1% in the current fiscal year with little respite in sight, the World Bank said on…
Read More...

Global energy access gap worsens as population growth outpaces new connections: 685 million people living without electricity access in 2022, 2.1 billion people continue to rely on damaging cooking fuels globally.A new report by the…
Read More...

WASHINGTON —The World Bank’s Board of Executive Directors today approved $1 billion in a second round of additional financing for the DASU Hydropower Stage I (DHP I) Project. This financing will support the expansion of hydropower…
Read More...

Bangladesh Prime Minister Sheikh Hasina has reiterated her country’s eagerness to import hydro-electricity from Bhutan through India when Bhutanese Prime Minister Dasho Tshering Tobgay met her in New Delhi. Bangladesh Prime Minister and her…
Read More...

Sri Lanka’s State Minister of Finance, Shehan Semasinghe, has announced that the International Monetary Fund’s executive board will discuss the second review of the Extended Fund Facility and Article IV consultation today. A…
Read More...