Nepal Second Finance for Growth Development Policy Financing

Abstract*

The development objectives of the Second Finance for Growth Development Policy Financing in Nepal support the Government of Nepal in its efforts to strengthen financial sector stability, diversify financial solutions, and increase access to financial services. Pillar 1, strengthening financial sector stability, helps to strengthen the Nepal Rastra Bank supervision effectiveness, addressing weaknesses in banking sector risks. Reforms to supervision... Show More

Development Objective

Support the Government of Nepal in its efforts to strengthen financial sector stability, diversify financial solutions, and increase access to financial services.

Key Details

Project Details

Project ID
P176881
Status
Closed
Team Leader
Peter J. Mousley
Borrower 2
Nepal

Country
Nepal
Disclosure Date
December 22, 2021
Approval Date
(as of board presentation)
March 24, 2022
Effective Date
May 19, 2022

Total Project Cost 1
US$ 0.00 million
Implementing Agency
Ministry of Finance
Region
South Asia
Fiscal Year 3
2022

Commitment Amount
US$ 150.00 million
Environmental Category
N/A
Last Update Date
August 14, 2022
Closing Date
June 30, 2023

Last Stage Reached
BANK APPROVED
Parent Projects
P173044

Associated Projects
P178531

Notes
1. Total project cost includes funding from World Bank and non-bank sources in US$ millions. Active and Closed projects show current commitments. 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.
2. Borrower refers to the Borrower of a Loan or Recipient of a Grant.
3. ”Fiscal Year” is the fiscal year in which the project was approved (or dropped if the status is dropped). The World Bank's fiscal year is from July 1 - June 30. For example, a fiscal year of 1996 corresponds to July 1, 1995 - June 30, 1996.

Sectors

Themes

FY17 - Environment and Natural Resource Management

FY17 - Climate change25%
- FY17 - Adaptation24%
- FY17 - Mitigation1%
FY17 - Environmental policies and institutions13%

FY17 - Finance

FY17 - Finance for Development38%
- FY17 - Disaster Risk Finance13%
- FY17 - Infrastructure Finance25%
FY17 - Financial Infrastructure and Access38%
- FY17 - Financial inclusion25%
- FY17 - Payment & markets infrastructure13%
FY17 - Financial Stability13%
- FY17 - Financial Sector Integrity13%
- FY17 - Financial Sector oversight and policy/banking regulation & restructuring13%

FY17 - Human Development and Gender

FY17 - Disease Control100%
- FY17 - Pandemic Response100%
FY17 - Gender13%

FY17 - Urban and Rural Development

FY17 - Disaster Risk Management8%
- FY17 - Disaster Response and Recovery8%

Project Map

Interactive Map

Finances

Financing Plan (US$ Millions)

Financier	Commitments
IDA Credit	150.00

Total Project Financing (US$ Millions)

Product Line	IBRD/IDA
IBRD Commitment	N/A
IDA Commitment	150.00
IBRD + IDA Commitment	150.00

Lending Instrument
Grant Amount	N/A
Total Project Cost**	N/A

Summary Status of World Bank Financing (US$ Millions) as of February 28, 2025

No data available.

Detailed Financial Activity as of February 28, 2025

Download:

Period	Financier	Transaction Type	Amount (US$)
Mar 24, 2022	IDA-70500	Loan Commitment	150,000,000.00
Feb 1, 2024	IDA-70500	Int Charges	537,207.80
Aug 1, 2023	IDA-70500	Int Charges	12,293.84
Aug 1, 2024	IDA-70500	Int Charges	533,672.70
Aug 1, 2024	IDA-70500	Int Charges	533,672.70
Aug 1, 2024	IDA-70500	Int Charges	1,368.36
Aug 1, 2024	IDA-70500	Int Charges	1,368.36
Feb 1, 2024	IDA-70500	Int Charges	3,990.20
Feb 1, 2024	IDA-70500	Int Charges	3,990.20
Feb 1, 2024	IDA-70500	Int Charges	537,207.80
Aug 1, 2023	IDA-70500	Int Charges	537,555.10
May 20, 2022	IDA-70500	Loan Disb	144,929,552.00
Aug 1, 2022	IDA-70500	Int Charges	211,236.90
Aug 1, 2022	IDA-70500	Int Charges	211,236.90
Feb 1, 2023	IDA-70500	Int Charges	3,889.08
Feb 1, 2023	IDA-70500	Int Charges	3,889.08
Feb 1, 2023	IDA-70500	Int Charges	530,068.56
Feb 1, 2023	IDA-70500	Int Charges	530,068.56
Aug 1, 2023	IDA-70500	Int Charges	537,555.10
Aug 1, 2023	IDA-70500	Int Charges	12,293.84

Footnotes

Ratings

IMPLEMENTATION RATINGS

Name	Review	Date
Overall Implementation Progress (IP)	Satisfactory	2023-04-11
Program Management	Satisfactory	2023-04-11
Progress towards achievement of PDO	Satisfactory	2023-04-11
Monitoring and Evaluation	Satisfactory	2023-04-11

COMPLETION RATINGS

No data available.

INDEPENDENT EVALUATION RATINGS

No data available.

Results Framework

PROJECT DEVELOPMENT OBJECTIVE INDICATORS

INDICATOR		BASELINE	CURRENT	TARGET

INTERMEDIATE RESULTS INDICATORS

INDICATOR		BASELINE	CURRENT	TARGET

Results Indicator#6 Value NR 9,000,000,000 (approximately US$74,000,000) Under progress to achieve the target 20 percent
Date June 30, 2020 March 28, 2023 June 30, 2023
Comment
Results Indicator #7 Value 0 Under progress to achieve the target US$ 200,000,000
Date June 30, 2020 March 28, 2023 June 30, 2023
Comment

Results Indicator (RI) #1	Value	All three CP#8, #9, #10 assessed as Materially Non	Under Progress to achieve the target	At least two of the three CP#8, #9, #10 are assess
	Date	June 30, 2020	March 28, 2023	June 30, 2023
	Comment

Results Indicator #2	Value	The 2014 NRA would not meet the requirements for t	Under process to meet the target	The NRA is Partially Compliant for the technical c
	Date	June 30, 2020	March 28, 2023	June 30, 2023
	Comment

Results Indicator #3 (NEW) Value 0 percent Under Progress to achieve the target 75 percent of stock market capitalization
Date June 30, 2020 March 28, 2023 June 30, 2023
Comment
Results Indicator#4 Value 0 Under progress to achieve the target 1
Date June 30, 2020 March 28, 2023 June 30, 2023
Comment
Results Indicator #5 Value NR 70,917,788,520.00 (Approximately US$ 585,000,00 Under progress to achieve the target 15 percent
Date June 30, 2020 March 28, 2023 June 30, 2023
Comment
Results Indicator #8 Value 480,000 females, 890,000 males (WB Findex Under Progress to achieve the target 50 percent (female), 25 percent (male)
Date June 30, 2020 March 28, 2023 June 30, 2023
Comment

Results Indicator #9	Value	1,331,299 females, 454,334 males, 267,071 firms	Under Progress to achieve the target	40 percent (female), 25 percent (male), 15 percent
	Date	June 30, 2020	March 28, 2023	June 30, 2023
	Comment

Results Indicator #10 Value 151,705 registrations Under Progress to achieve the target 15 percent
Date June 30, 2020 March 28, 2023 June 30, 2023
Comment
Results Indicator#11 (NEW) Value 0 percent Under Progress to achieve the target 15 percent
Date June 30, 2020 March 28, 2023 June 30, 2023
Comment

Results Indicator#6	Value	NR 9,000,000,000 (approximately US$74,000,000)	Under progress to achieve the target	20 percent
	Date	June 30, 2020	March 28, 2023	June 30, 2023
	Comment

Results Indicator #7	Value	0	Under progress to achieve the target	US$ 200,000,000
	Date	June 30, 2020	March 28, 2023	June 30, 2023
	Comment

Results Indicator #3 (NEW)	Value	0 percent	Under Progress to achieve the target	75 percent of stock market capitalization
	Date	June 30, 2020	March 28, 2023	June 30, 2023
	Comment

Results Indicator#4	Value	0	Under progress to achieve the target	1
	Date	June 30, 2020	March 28, 2023	June 30, 2023
	Comment

Results Indicator #5	Value	NR 70,917,788,520.00 (Approximately US$ 585,000,00	Under progress to achieve the target	15 percent
	Date	June 30, 2020	March 28, 2023	June 30, 2023
	Comment

Results Indicator #8	Value	480,000 females, 890,000 males (WB Findex	Under Progress to achieve the target	50 percent (female), 25 percent (male)
	Date	June 30, 2020	March 28, 2023	June 30, 2023
	Comment

Results Indicator #10	Value	151,705 registrations	Under Progress to achieve the target	15 percent
	Date	June 30, 2020	March 28, 2023	June 30, 2023
	Comment

Results Indicator#11 (NEW)	Value	0 percent	Under Progress to achieve the target	15 percent
	Date	June 30, 2020	March 28, 2023	June 30, 2023
	Comment

Nepal Second Finance for Growth Development Policy Financing

Abstract*

Development Objective

Key Details

Project Details

Sectors

Themes

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Project Map

Finances

Financing Plan (US$ Millions)

Total Project Financing (US$ Millions)

Summary Status of World Bank Financing (US$ Millions) as of February 28, 2025

Detailed Financial Activity as of February 28, 2025

Ratings

IMPLEMENTATION RATINGS

COMPLETION RATINGS

INDEPENDENT EVALUATION RATINGS

Results Framework

PROJECT DEVELOPMENT OBJECTIVE INDICATORS

INTERMEDIATE RESULTS INDICATORS