Latest · Wednesday, 4 November 2026

Cabinet accepts $305 million ADB loan and grant for road improvement

The Cabinet accepted a $285 million ADB loan and a $20 million grant on Tuesday, and consented to more government money for Nepal Reinsurance. Nepal is preparing to ask India for at least $2 billion, Kantipur reported. NEPSE rose 6.62 points to 2,664.13.

• The Cabinet decided on Tuesday to accept a $285 million loan and a $20 million grant from the Asian Development Bank for road improvement; no signing has been reported.
• The Cabinet consented to a further government rights-share investment in Nepal Reinsurance, which has about Rs 13.42 billion of paid-up capital against a Rs 20 billion requirement.
• Nepal is preparing to ask India for at least $2 billion in loans and grants, Kantipur reported, citing unnamed officials.