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Nepal's Finance Ministry says World Bank aiding financial restructuring.

Asia Africa Intelligence Wire

| June 11, 2004 | COPYRIGHT 2003 Financial Times Ltd. (Hide copyright information)Copyright

(From BBC Monitoring International Reports)

(New China News Agency)

Kathmandu, [Friday] 11 June: The International Development Association of the World Bank has agreed to provide 75.5m US dollars to Nepal for its financial sector restructuring project, the Nepali Finance Ministry said Friday.

The assistance consists of 68.5m dollars as a loan and 7m dollars as a grant for a period of five years starting from 2004, the ministry said in a press release.

The loan …

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