Home Business Nepal Signs Agreement Worth $15m for Public Financial Management

Nepal Signs Agreement Worth $15m for Public Financial Management

155
0

Kathmandu, August 26, 2018: The World Bank and Nepal Government have signed a $15million finance agreement aiming to uplift the Public Financial Management sectors of Nepal.

The Multi-Donor Trust Fund (MDFT) are financed by multiple lenders like European Union, UK Department of International Development, Government of Swiss Confederation, Government of Norway, Australian Government Department of Foreign Affairs and Trade, and United States of Agency for International Development. According to the press statement, Shreekrishna Nepal, Joint  Secretary of International Economic Corporation Coordination Division and Faris H Hadad-Zervos, World Bank Country Manager for Nepal signed an agreement. This funding aims to support the project included in the National PFM Reform Plan (2016/17-2025/26)

Nepal said, “Nepal Government appreciates the cooperation World Bank and MDTF Development Partners who are looking forward to supporting PFM agenda for a strong public financial management system in near future.”