Programmatic Fiscal and Public Financial Management Development Policy Credit ( II ) (WB-P168869)

  • Nepal
Where the impacts of the investment may be experienced.
Financial Institutions
  • World Bank (WB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Bank Risk Rating
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Government of Nepal
The holder of the loan, grant, or other investment.
  • Law and Government
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 100.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 100.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Other Related Projects
Primary Source

Original disclosure @ WB website

Updated in EWS Mar 8, 2019

Disclosed by Bank Jan 30, 2019

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Project Description

According to bank documents, the project "supports reforms under two pillars. Pillar 1 supportsa framework to establish fiscal federalism through an umbrella legislation to be enacted at the federal level that willguide budget execution and ensure fiscal discipline and accountability for all three levels of government. Pillar 2 supports reforms to strengthen the policy framework for public financial management at the subnational levels. This is to be achieved through legislation and regulations that governthe budget cycle and promotestransparency and accountability to citizens, guides implementation of the MTEF and strengthens expenditure control, and the development of a revenue management information system. The pillar also supports reforms to establish a disaster management system to help mitigate the fiscal costs of disasters."


Investment Description
  • World Bank (WB)
Contact Information

World Bank
Kenechukwu Maria Ezemenari, Franck BessetteSenior Economist

Government of Nepal

Implementing Agencies
Ministry of Finance
Rajan Khanal


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