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World Bank provides Rs 23 billion concessional loan

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KATHMANDU— The World Bank (WB) has decided to provide around Rs 23 billion concessional loan to Nepal for the implementation of financial and energy sector reform policy.

An agreement in this regard was reached during the ongoing annual meeting of the World Bank and International Monetary Fund (IMF) at Bali of Indonesia.

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Chief of International Economic Cooperation Coordination Division (IECCD) at the Ministry of Finance, Shree Krishna Nepal and Country Director for Nepal of the World Bank Qimiao Fan signed the agreement on Wednesday in presence of Finance Minister Dr Yubraj Khatiwada and Vice-Chairperson for South Asia Region of the World Bank, Hartwig Schafer.

On the occasion, Finance Minister Khatiwada praised WB’s support in various sectors of Nepal including infrastructure development, education, health as well as tourism development and expressed his belief that the WB would further increase its support to Nepal in days ahead.

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176 trafficked Nepalis rescued from Indo-Myanmar border

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KATHMANDU — At least 176 Nepali men and women, who were being trafficked into Myanmar, have been rescued by Manipur police and activists from different parts of Manipur, a northeastern state of India, in the last two days.

On their second day of rescue operation, the Tengnoupal police have rescued atleast 20 Nepalis including 5 women and 15 men, from a Hotel in Moreh town,Imphal Free Press, an English-language daily published from Manipur has reported.

The Moreh police have rescued as many as 60 nationals of Nepal including 45 women and 15 men.

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Earlier, over 105 Nepali women were rescued from Moreh and Imphal, the report stated.

The police team have also arrested the main suspect in the trafficking case identified as Madan Kumar Kharel, 52, Hailing from 07 Prithvinagar, Jhapa, Nepal.

The accused is reportedly responsible for bringing 20 of the 40 Nepali girls who were rescued from Moreh on Friday.

Meanwhile, Police also rescued 51 Nepalis from Imphal including 38 women and 13 men during Saturday rescue operations.

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