Nepal Seeks World Bank Loan to Combat Air Pollution
Nepal's government is in negotiations with the World Bank to secure a loan to fund a project aimed at reducing air pollution, despite having collected billions of rupees in taxes on fossil fuels over the past 16 years.
The proposed Nepal Clean Air and Prosperity Project, valued at 20.8 billion rupees ($147.9 million), aims to help industries reduce emissions, strengthen air pollution control mechanisms, and improve government capacity and emergency response.
With regard to the loan size, the amount is being finalized with the government based on the cost of the detailed project activities.
Akash Babu Shrestha, a spokesperson for the World Bank in Nepal, provided this statement regarding the loan.
Author's summary: Nepal seeks loan to combat air pollution despite hefty taxes.
More News
- TBA, Appraisal, Reverse Mortgage Tools; STRATMOR on AI and Competition; Can the CFPB be Willed Away?
- Manchester United’s stance on Kobbie Mainoo leaving Old Trafford in January revealed
- Bombers win ugly to keep playoff hopes alive
- Fabrizio Romano has terrible news for Tottenham midfielder
- F1 | US GP, crazy Sprint Race in Austin! Verstappen wins, McLaren KO
- 'No Kings' protests against Trump planned nationwide, in what the GOP calls 'hate America' rallies
- Platforms of Extremism: Why Australia Must Confront Digital Misogyny as a Security Threat - Australian Institute of International Affairs
- “Highly rated” Man Utd youngster could be the solution for Rúben Amorim’s biggest problem
- Brewers Go Out With a Whimper in NLCS
- F1 | Ferrari, Elkann: “Full trust in Vasseur”