Nepal and ADB Sign Loan Agreement for Digital Transformation Project

Kathmandu. A loan agreement has been signed between the Government of Nepal and the Asian Development Bank (ADB) for the implementation of the Nepal Digital Transformation Project. ADB stated that the agreement was signed on Monday during a program organized at the Ministry of Finance. This project, to be operated with joint co-financing from the World Bank and ADB, prioritizes the development of digital infrastructure along with environmental and social safeguards. As per the agreement, the project must fully comply with the Environmental and Social Commitment Plan. Considering the potential increase in electronic waste during digitalization, the project has agreed...