JICA Loan
Japan International Cooperation Agency (JICA) is providing a loan worth Rs10.39 billion to support Nepal’s reforms in economic and financial institutions and policies, strengthen the domestic industrial base and support the poor. This is the first Official Development Loan (ODA) to be approved in six years for Nepal and was signed with the condition of 40-year repayment and 10 year grace period with 0.01% annual interest.