Nepal’s FY 2083/84 Citizen Budget sets total spending at Rs 2.124 trillion, targeting 7% economic growth while prioritizing employment, infrastructure, private investment, digital transformation, agriculture, health, education and social protection.
Finance Minister Dr. Swarnim Wagle has returned to Nepal after a two-day U.S. visit that included high-level talks on Bhote Koshi flood reconstruction, economic reforms, social protection, development financing and potential investment in artificial intelligence.
Finance Minister Dr. Swarnim Wagle met World Bank Group President Ajay Banga in Washington, with talks focused on Nepal’s post-flood reconstruction, economic reforms, job creation and deeper cooperation with development partners.
Nepal and the World Bank have signed a mandate agreement to develop and issue a catastrophe bond aimed at securing rapid financing and transferring part of the country’s earthquake risk to international capital markets.
Nepal and Japan have signed a grant agreement worth ¥3.653 billion (about Rs 2.73 billion) to modernize air traffic control facilities and improve aviation safety at Tribhuvan International Airport.
Nepal’s Finance Ministry has shortlisted four candidates for the vacant Chief Executive Officer post at Nepal Stock Exchange, with leadership assessment, work-plan presentations and interviews scheduled at Singha Durbar.