सुनाखरी न्युज
२०७६ श्रावण ३ , शुक्रवार

English News

photo-1

Renewed commitment for global partnership to achieve SDGs

  Sunakhari News/ Kathmandu- Nepal emphasized on the necessity of renewed commitment for the global partnership to achieve Sustainable Development Goals and coordinated aid ahead of the Senior Level Meeting of Global Partnership for Effective Development Cooperation in NewYork. The event was led by Ministry of Finance of Nepal and together with co-host Bangladesh on 12 July which provided a forum for consultation with countries in the Asia Pacific region to capture country level perspectives towards ensuring that the priorities of the countries in the region are reflected in the deliberations of the Senior Level meeting. In Nepal, there is a significant financing gap to achieve the Sustainable Development Goals (SDGs). The National Planning Commission has estimated that the average investment requirement is approximately Rs 2,025 billion per year, or about 48% of GDP on average, with Official Development Assistance (ODA) expected to shoulder about 18% of this financing requirement. Addressing the event, Finance Secretary Mr. Rajan Khanal noted, the core commitments of aid effectiveness  and quality of aid matters to the partner countries like Nepal. He also appreciated the role of the GPEDC, statin....

1

Increasing Data Accessibility and Usability for Prosperous Nepal

    Sunakhari News/ Kathmandu- Over 75 Nepali professionals from the academia, media, and private and non-profit sectors successfully completed the first phase of the Nepal Data Literacy Program today.   The first of the three-phase data literacy program which began on 23 June provided 40 hours of classroom-based introductory lessons on data analysis, visualization and data-driven decision making and storytelling to participants.   An initiative of the World Bank’s ‘Partnership for Knowledge-based Poverty Reduction and Shared Prosperity Project’ supported by DFID, the Nepal Data Literacy Program aims to sustainably transfer data literacy skills to Nepali professionalsto strengthen their capacity to proactively engage in evidence-based policy making, increase data literacy of Nepalis, and support federalism in the country.   “Data literacy is an essential skill in today’s data driven world, especially for Nepal as the country works towardsimplementing its development vision,” stated Faris Hadad-Zervos,World Bank Country Manager for Nepal.“This presents a unique opportunity to build a consortium of data institutions from the public and private sectors and ....

The-World-Bank

Investment in Human Capital Could Help Propel Nepal to Middle Income Status, Growth Projected to Average 6.5 Percent in the Medium Term

   Sunakhari News/  KATHMANDU- Nepal has the potential to double its Gross Domestic Product (GDP) per capita in the long run if it achieves the benchmarks of complete education and full health, said the latest edition of the World Bank’s Nepal Development Update launched today. Investing in its people could help propel Nepal toward its goal of Middle-Income-Country status by increasing the productivity and competitiveness of labor, leading to accelerated inclusive growth, added the report.   The Update presents a hopeful picture for Nepal for FY2019. Growth in the country is estimated to reach 7.1 percent, driven by the service and agriculture sectors. The service sector is likely to grow by 7.5 percent due to a boost in the retail, hotel, and restauran....

20190422_110926-1

Government of Nepal and the World Bank launch new project to scale up renewable energy options

  Sunakhari News/ Kathmandu- The Government of Nepal (GoN) and the World Bank signed an agreement today to scale up renewable energy options in selected regions of Nepal in partnership with private sector. The agreement was signed by Mr. Shreekrishna Nepal, Joint Secretary, Ministry of Finance on behalf of the Government of Nepal and Mr. Bigyan Pradhan, Acting Country Manager on behalf of the World Bank.   Total of USD 17.21 million will be spent during four-year period of the Private Sector-Led Mini-Grid Energy Access Project, of which the World Bank will finance total of USD 7.61 million (Approx. NRs 84 Crore 52 Lakhs) through its Strategic Climate Fund (SCF) comprising of SCF Grant of USD 5.61 million and SCF soft loan of USD 2 million. Similarly, Government of Nepal will contribute subsidy of USD 6 million and the remaining USD 3.60 million will be contributed by the private sector. The project will provide renewable energy to 126,000 rural people and support more than 80 businesses through micro/mini-hydro and solar subprojects in Nepal’s rural areas. The project will be implemented by the Alternative Energy Promotion Centre (AEPC), the government's nodal agency for renewable energy promoti....

The-World-Bank

High-Level World Bank Group Delegation Heads for Nepal Investment Summit

Sujnakhari News/ KATHMANDU- The CEO of the Multilateral Investment Guarantee Agency (MIGA) and two World Bank Group Vice Presidents will join development banks, ambassadors, and hundreds of investors from more than 30 countries at the Nepal Investment Summit on March 29 and 30. The Summit aims to help attract private financing for key infrastructure projects as Nepal undertakes new regulatory reforms.   The top three Bank officials are: Keiko Honda, Executive Vice President and CEO of MIGA; Hartwig Schafer, Vice President of the World Bank’s South Asia region, and Hans Peter Lankes, Vice President, Economics and Private Sector Development, International Finance Corporation (IFC).   The three World Bank Group representatives will discuss the Bank’s support for Nepal with Rt. Hon. Prime Minister K P Sharma Oli of Nepal and Finance Minister Yuba Raj Khatiwada.   “Nepal has been a rising star in South Asia with foreign direct investment flows reaching a record high in 2017, and likely to remain an important investment destination in the region. This confirms Nepal’s efforts to improve its investment climate and become a competitive investment destination for multinational companies that w....

Investment Summit

Nepal Investment Summit: country seeks to prove it best venue for investment

Sunakhari News/   Kathmandu- Nepal is hosting the Nepal Investment Summit, 2019 on March 29-30 and it is determined to prove the country is an appropriate place for investment.   Speaking at a press meet on the eve of the Summit today at the Ministry of Finance, Finance Minister Dr Yuba Raj Khatiwada expressed his hope that the Summit would prove a golden opportunity to advance towards the goals of economic progress and prosperity set by the government.   Nepal seeks to conclude the Summit as a celebration, proving that Nepal is an appropriate venue for (foreign) investment.   “ The Summit is a common  mission of Nepalis and  combined efforts are necessary to make it a success, utilising the right opportunity to bring foreign investment home,” the Minister said at the event also attended by Minister for Communications and Information Technology, Gokul Baskota; Nepal Investment Board’s  chief executive officer Maha Prasad Adhikari and office bearers of the Federation of Nepalese Chamber of Commerce and Industry ( FNCCI); Nepal Chamber of Commerce; and the Confederation of Nepalese Industries ( CNI).   According to him, the event would be successful in addressing the national necessiti....

adb

ADB Lending Hits Record High in Nepal But Disbursement Needs to Match Up

Sunakhari News/ Kathmandu- The Asian Development Bank's (ADB) annual lending to Nepal hit a record high in 2018, but disbursement has been lagging. ADB’s total lending in 2018 reached $592 million and technical assistance at $8.01 million (including $5.31 million in cofinancing) for projects in transport, urban development and water supply, energy, rural roads, agriculture, and natural resources. “This is a substantial increase from the $253 million a year on average lending during 2014–2016 that demonstrates ADB’s strong commitment to Nepal’s economic development and improving the lives of its people,” said ADB’s Deputy Director General for South Asia Mr. Diwesh Sharan, speaking at a country portfolio review meeting jointly organized by ADB and the Ministry of Finance. Mr. Sharan also said ADB’s portfolio performance in Nepal has shown good progress in recent years, but contract aw....

Democracy, press freedom inseparable: NC President Deuba

  Sunakhari News/ Bhimdattanagar- The main opposition Nepali Congress President and former Prime Minister Sher Bahadur Deuba has said the democracy can not exist without press freedom.   While inaugurating the 5th district convention of Nepal Press Union Kanchanpur here today, President Deuba argued that the democracy and press freedom could not be separated.   On another note, he blamed that the federal government did not allocate required budget for the holistic development of the far western province.   He also focused on constructing four-lane bridge over the Mahakli River.   Speaking in the same programme, NC central leaders NP Saund and Rameskh Lekhak viewed that press freedom was essential to enhance democracy in the country.....

linux_device_driver_training-500×375

Training 48,000 drivers and their helpers

Sunakhari News Kathmandu The Independent Transport Workers Association of Nepal (ITWAN) is to impart training to 48,000 drivers and their helpers of public vehicles with an objective of reducing the number of road accidents.   The ITWAN is going to launch the campaign with trained drivers and their helpers to reduce road accidents. ITWAN Chair Bhim Jwala Rai said that they were going to launch the campaign as some six to seven people lost their lives every day in road accident.   He said, "We will impart training to drivers and assistant drivers of all provinces about road discipline and traffic rules, which will help reduce road accidents."   The ITWAN has mobilized its all organisations across the nation for the campaign. The organisation would paste stickers reading 'I'm a responsible transport worker', I do not use mobile phone while driving' and 'I follow traffic rules' in all public vehicles under the campaign.   Similarly, the ITWAN would organize health camp for transport workers, where they could undergo blood pressure, diabetes, eye checkup and kidney test free of cost.   According to Chief of Metropolitan Traffic Police Division, Basanta Panta, around 2,500 to 3,000 people lose ....