ADB has approved a $40 million concessional loan to Nepal for digital transformation works. It will be used to digitalize public services to improve and efficiently deliver public services.
The loan is issued for the project titled- Nepal Digital Transformation Project. It is the first of its kind in South Asia and is co-financed under the ADB-World Bank Full Mutual Reliance Framework (FMRF).
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The ADB loan for the digital Nepal projects
The financial assistance will be utilized for an integrated citizen service portal, deeper interoperability of Nagarik App, improving cybersecurity, and acceleration of public service delivery. In total, the project will work on 11 key government services. The project is being headed by the Ministry of Communications and Information Technology (MoCIT).
“Digital transformation is no longer optional-It is critical for improving public service delivery and supporting Nepal’s economic development,” said Arnaud Cauchois, ADB country director for Nepal.
“The reforms supported by ADB and the World Bank will make key services easier to access, reduce waiting times and administrative barriers, and enhance transparency in government processes, helping build greater trust between citizens and public institutions,” he said.
In this project, the World Bank has already issued a $50 million loan to the Nepal government. It’s serving as the lead lender while ADB is the trailing lender.