The ADB approved an $85 million loan to help Nepal modernize irrigation and enhance agriculture.

The Asian Development Bank (ADB) has approved an $85 million loan for Nepal to modernize its irrigation systems and boost agricultural output. The Irrigation Modernization Enhancement Project will benefit around 56,000 farm households across five provinces, covering over 31,000 hectares. The project’s total cost is $133.64 million, with contributions from the Nepalese government and farmers, while additional funding is being sought through co-financing.

November 01, 2024
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