What Foreign Donors Are Promising Balen Shah’s Government and What It Means
▸ Part of: Opposition Criticizes Government for Institutional Vacuum and Parliamentary Conduct
Nepal's new government, led by Prime Minister Balendra Shah of the Rastriya Swatantra Party, has approved $185 million in concessional loans from the World Bank and the Asian Development Bank for digital transformation and financial inclusion projects. This decision has drawn criticism due to the party's prior campaign against foreign debt. The government defends the loans as low-interest and vital for infrastructure, while critics question institutional capacity and the contradiction with past rhetoric.
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