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Second Financial Sector Restructuring Project

Nepal

OverviewFinancialProcurementImplementation & ResultsNews & Related Info
 
Project ID: P084219  |  Project Status: Closed

 

Abstract* last updated 04-FEB-2004
 
The main objective of the project is to support the on-going efforts to develop a healthier financial sector in Nepal which intermediates funds more efficiently and effectively to the benefit of all segments of society and in a manner which supports private sector development, increased investment, and faster growth. The project has the following four components: Component 1) Voluntary Retirement Schemes (VRS). The largest component is designed to support the VRS in Rastriya Banijya Bank (RBB) a...More»
 
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Project-At-A-Glance
Approval Date09-MAR-2004
Closing Date30-SEP-2009
Total Project Cost**75.5
RegionSouth Asia
Major Sector (Sector) (%)Finance (Banking) (100%)
Themes (%)Standards and financial reporting (33%)
 State enterprise/bank restructuring and privatization (67%)
Environmental CategoryC
Bank Team LeadAhmad, Shamsuddin
BorrowerHIS MAJESTY'S GOVERNMENT OF NEPAL
Implementing AgencyNEPAL RASTRA BANK (THE CENTRAL BANK OF NEPAL)
Project Goals
To view the project outcomes and goals click  here.

Available Project Documents
Implementation Completion and Results Report (ICR), Vol.117-MAR-2010
Board Report (BR), Vol.115-FEB-2005
Credit Agreement (), Vol.10-JUN-2004
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Related Country Information
To view information on the country where the project is implemented click  here.

* The project abstract is drawn from the PAD, SAR or PGD and may not accurately reflect the project's current nature.
**Total project cost includes funding from World Bank and non-bank sources in US$ millions. Active and Closed projects show commitment at Board approval. It does not reflect any cancellations. Proposed (pipeline) and dropped projects show the forecast amount. The commitment amount for projects in the pipeline is indicative and may be modified during the project preparation.

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