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Nepal Fiscal Reforms DPC

Abstract*

The proposed operation will support the Government of Nepal (GoN) in its efforts to establish a framework to move towards fiscal federalism and improve public financial management.Nepal is at a historic juncture where it is establishing a federal democratic republic based on the 2015 Constitution.This Development Policy Credit (DPC) series is a key component of the World Bank’s support to federalism.With a focus on the fiscal and PFM aspects, this...

* The project abstract is drawn from the PAD, SAR or PGD and may not accurately reflect the project's current nature

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Development Objective

1) Ensuring fiscal prudence with sustainable debt level while increasing public investment in view of infrastructure deficit challenges. 2) Improving sectorial composition of spending and budget execution. 3) Increase administration efficiency; harmonize tax codes and increase revenue potential while laying down fiscal devolution framework.

Key Details

Project Details

  • P160792

  • Closed

  • Roshan Darshan Bajracharya , Franck Bessette

  • N/A

  • Nepal

  • March 20, 2018

  • (as of board presentation)

    March 20, 2018

  • May 31, 2018

  • US$ 200.00 million

  • N/A

  • South Asia

  • 2018

  • US$ 200.00 million

  • N/A

  • Not Applicable

  • February 28, 2019

  • BANK APPROVED

  • June 7, 2022

  • Notes

Finances

Financing Plan (US$ Millions)

No data available.
Financier Commitments
IDA Credit 200.00

Total Project Financing (US$ Millions)

Product Line IBRD/IDA
IBRD Commitment N/A
IDA Commitment 200.00
IBRD + IDA Commitment 200.00
Lending Instrument
Grant Amount N/A
Total Project Cost** 200.00

Summary Status of World Bank Financing (US$ Millions) as of July 31, 2025

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No data available.
Financier Approval Date Closing Date Principal Disbursed Repayments Interest, Charges & Fees

Detailed Financial Activity as of July 31, 2025

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No data available.
Period Financier Transaction Type Amount (US$)
Sep 15, 2020 IDA-61950 Int Charges 714,172.80
Mar 15, 2023 IDA-61950 Int Charges 7,414.19
Sep 15, 2020 IDA-61950 Int Charges 1,699.10
Mar 15, 2019 IDA-61950 Int Charges 195.54
Mar 15, 2019 IDA-61950 Int Charges 716,891.40
Mar 15, 2019 IDA-61950 Int Charges 716,891.40
Sep 15, 2019 IDA-61950 Int Charges 1,524.44
Sep 15, 2019 IDA-61950 Int Charges 1,524.44
Sep 15, 2019 IDA-61950 Int Charges 705,486.50
Sep 15, 2019 IDA-61950 Int Charges 705,486.50
Sep 15, 2018 IDA-61950 Int Charges 388,996.72
Sep 15, 2018 IDA-61950 Int Charges 388,996.72
Jun 8, 2018 IDA-61950 Loan Disb 194,864,400.00
Mar 15, 2019 IDA-61950 Int Charges 195.54
Sep 15, 2021 IDA-61950 Int Charges 6,251.08
Sep 15, 2021 IDA-61950 Int Charges 6,251.08
Sep 15, 2021 IDA-61950 Int Charges 727,229.56
Sep 15, 2021 IDA-61950 Int Charges 727,229.56
Mar 15, 2022 IDA-61950 Int Charges 707.20
Mar 15, 2022 IDA-61950 Int Charges 707.20
Mar 15, 2022 IDA-61950 Int Charges 710,182.50
Mar 15, 2022 IDA-61950 Int Charges 710,182.50
Mar 15, 2021 IDA-61950 Int Charges 13,633.61
Mar 15, 2021 IDA-61950 Int Charges 13,633.61
Mar 15, 2021 IDA-61950 Int Charges 735,488.60
Mar 15, 2021 IDA-61950 Int Charges 735,488.60
Mar 15, 2020 IDA-61950 Int Charges 703,623.00
Mar 15, 2020 IDA-61950 Int Charges 703,623.00
Mar 15, 2020 IDA-61950 Int Charges 5,957.10
Mar 15, 2020 IDA-61950 Int Charges 5,957.10
Sep 15, 2020 IDA-61950 Int Charges 714,172.80
Mar 20, 2018 IDA-61950 Loan Commitment 200,000,000.00
Mar 15, 2024 IDA-61950 Int Charges 18,427.39
Mar 15, 2024 IDA-61950 Int Charges 18,427.39
Mar 15, 2024 IDA-61950 Int Charges 667,180.20
Mar 15, 2024 IDA-61950 Int Charges 667,180.20
Sep 15, 2023 IDA-61950 Int Charges 670,135.56
Sep 15, 2023 IDA-61950 Int Charges 670,135.56
Sep 15, 2023 IDA-61950 Int Charges 8,840.40
Sep 15, 2023 IDA-61950 Int Charges 8,840.40
Sep 15, 2022 IDA-61950 Int Charges 651,992.20
Sep 15, 2022 IDA-61950 Int Charges 651,992.20
Sep 15, 2022 IDA-61950 Int Charges 14,724.63
Sep 15, 2022 IDA-61950 Int Charges 14,724.63
Mar 15, 2023 IDA-61950 Int Charges 678,008.00
Mar 15, 2023 IDA-61950 Int Charges 678,008.00
Mar 15, 2023 IDA-61950 Int Charges 7,414.19
Sep 15, 2020 IDA-61950 Int Charges 1,699.10

Footnotes

Ratings

IMPLEMENTATION RATINGS

No data available.

COMPLETION RATINGS

INDICATORIMPLEMENTATION COMPLETION & RESULTS REPORT: 11-19-2021
OutcomesSubstantial
Risk to Development Outcome
Bank PerformanceSubstantial
Borrower Performance
Government Performance
Implementing Agency

INDEPENDENT EVALUATION RATINGS

INDICATORICR REVIEW: 04-26-2022PROJECT PERFORMANCE ASSESSMENT REPORT:
Outcome RatingSatisfactory N/a
Risk To Development OutcomeN/a
Bank PerformanceSatisfactoryN/a
Borrower PerformanceN/a
Government PerformanceNot RatedN/a
Implementing AgencyN/a
Icr QualityHighN/a
M&e QualityN/a

Results Framework

No data available.