Rajendra Man Shakya, Chief Executive Officer of CMB Finance Limited, a versatile and reputed professional in the financial sector of Nepal, spoke to Nepal Business Times regarding the economic scenario, financial and banking sector of Nepal and the progress achieved by CMB over the years. Excerpts: Read More
Shekhar Raj Bastakoti
Nepal’s political development remained a matter of world appreciation after warring Maoists came to the table talk and accepted political main streaming. The leadership of Girija Prasad Koirala Read More
Home » Politics » ‘Donors' strict situations are hampering development projects’ Finance Minister
Added Date 28 Jul, 2010 02:47:45 am
‘Donors' strict situations are hampering development projects’ Finance Minister
Finance Minister Surendra Pandey on Monday lamented that the prime obstacle in spending foreign aid in development projects is stringent conditions imposed by donors.
In his meet with President of Asian Development Bank (ADB) Haruhiko Kuroda on Monday, Pandey also said that the donors should be flexible while floating their aid so that the same could be used easily.
The minister also bemoaned the general tendency of donors of working in a project only after it becomes problem free.
He also urged the ADB to expand aid in the areas of rural roads, electrification and education. In a response, Kuroda said that his bank was keen to help Nepal in the areas of rural roads and electrification.
He also divulged that the ADB would lend assistance in solar and wind energy in rural areas where electrification through the national grid would be difficult.
According to the Manila-based bank, it would help to connect Nepal with India, Bhutan and Bangladesh with physical infrastructure including roads and power transmission lines along with development of water resources to address regional power demands.
Midas CAN SofTech 2010 terminates Midas CAN SofTech 2010 terminated on Saturday, recording a turnout of 50,000 visitors in four days. The event, which was organized at DECC Hall at United World Trade Center, Tripureshwar, drew nearly 20,000 visitors on the last day.
Computer Association of Nepal (CAN) officials told that they were satisfied by the Read More
Capital market continues to go downward Nepal Stock Exchange (Nepse) index lost 3.81 points to close at 432.74 points on Sunday-the opening day of weekly share transaction. Of the eight groups that participated in today's trading, the sub-indices of six groups except that of manufacturing and processing and hydropower groups moved in red zone.
36,181 Nepali jobseekers have appeared in KNT A total of 36,181 Nepali jobseekers have appeared in Korean Language Test (KLT) to qualify themselves for the jobs under Read More
Police indifference hitches arrest of land crooks Police have acted slowly in nabbing notorious land dealers, who attempted to take control of 23 public and private housing Read More
Rajendra Man Shakya, Chief Executive Officer of CMB Finance Limited, a versatile and reputed professional in the financial sector of Nepal, spoke to Nepal Business Times regarding the economic scenario, financial and banking sector of Nepal and the progress achieved by CMB over the years. Excerpts: 
Shekhar Raj Bastakoti
