Nepal Today

Friday, June 28, 2013

WB $30 MILLION LOAN FOR FINANCIAL SECTOR REFORM - Kathmandu, 28 June: World Bank (WB) is extending a loan of US$ 30 million for the financial sector reform program, reduce vulnerability of the banking sector and increase its transparency. The Nepal Financial Sector Stability Credit funding will meet a mid-term goal of putting the sector on a sound foundation. International Monetary Fund and the UK´s Department for International Development have approved a long term technical assistance package to support financial sector reforms in Nepal. Nnnn BANK ACCOUNTS OF SNIOR OFFICIALS FROZEN IPDATE Kathmandu, 28 June: CIAA has frozen bank accounts of 96 senior officials and sealed their lockers Friday. The anti-graft body is investigating assets of 200 top officials whose are disproportionate to their income. Nnnn


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