The Asian Development Bank (ADB) has approved a $50 million USD loan to help Nepal boost its domestic and international trade. Trade and industry currently make up 14.1% of Nepal’s GDP. The Nepalese government aims to increase the trade sector’s contribution by improving trade and export promotion, enhancing customs and logistics systems, and strengthening the supply chain for primary products. This includes focusing on efficient transport, transit arrangements, and border procedures.
Highlights:
- Significant Drop in Gold Prices and Silver Follows Suit in Nepal’s Domestic Market
- Nepal’s Trade Deficit Reaches Rs 1337 Billion in 11 Months
- “Nepal’s Trade Deficit Narrows to Rs. 14.54 Kharba in FY 2079/80 with Rs. 16.11 Kharba Total Imports”
- SEBON Approves Himalayan Capital’s “Himalaya 80-20” Mutual Fund Scheme with 10 Crore Units
- NRB Approves Merger of National and Summit Microfinance