China pledges $123 million loan to Nepal for economic productivity

$123M USD

Funder	Unspecified Chinese Government Institution
Recipient Organization	Nepali Ministry of Commerce
Country	Nepal
Start Date	Jul 24, 2007
End Date	Mar 01, 2033
Duration	9,352 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`34383`

Grant Description

China pledges $123 million loan to Nepal for economic productivity On July 24th 2007, China pledged a 123 million USD (8 billion Rs) subsidized loan to Nepal for industrial and economic productivity. The pledge was made between Chinese Assistant Commerce Minister Wang Chao and Nepali Finance Minister Ram Sharan Mahat.

Dr Mahat welcomed the gesture, but added that Nepal has not yet decided whether to accept the Chinese offer.

📚 Sources & References

China offers USD 123 mn as subsidised loan to Nepal
China pledges subsidized loan of Rs 8 b
China to provide grant for infrastructure, polls Loan applications and disbursements are still being received and processed as the projects continue to evolve. Ongoing monitoring and evaluation are in place to ensure project continuity.