In his budget speech back in June, then Nepal finance minister Yubaraj Khatiwada had announced a Rs50 billion fund for economic rehabilitation of the pandemic-hit sectors.

The source for the funds would be foreign aid, government owned entities and the government’s own resources. With the government having contributed a mere Rs1 billion to the fund, it was clear that most would come as external loans.

But the government has, after five months since the announcement, finally planned how the external loans will be provisioned.

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