Nepal and the World Bank signed two separate agreements on Wednesday that will help strengthen urban governance and the financial sector in Nepal in support of the country’s Covid-19 resilience and recovery efforts.

The $150 million (around Rs18 billion) Nepal Urban Governance and Infrastructure Project will support municipalities located in two strategic urban clusters: Eastern-Terai region (Provinces 1 and 2) and Western region (Gandaki Province and Lumbini Province).

Through Nepal's first dedicated Urban Sector support, the project will finance strategic infrastructure in the targeted cities, based on the priorities of the municipalities and their citizens. The project will also support capacity building for the municipalities for improved urban management and with a strong focus on citizen engagement, enabling targeted municipalities to better plan, manage and execute service delivery and urban management activities, the World Bank said in a statement.

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