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LOANS & CREDITS January 15, 2020

Nepal: Additional Credit for Earthquake Housing Reconstruction Project

WASHINGTON, January 14, 2020 – The World Bank’s Board of Executive Directors today approved an additional credit of US$ 200 million for the following project: 

Earthquake Housing Reconstruction Project (EHRP)

IDA Credit: $200 million

Terms: Maturity =  38 Years, Grace = 6 Years

Project ID: P155969

Project Description: The project aims to restore affected houses with multi-hazard resistant core housing units in targeted areas and to enhance the government's ability to improve long term disaster resilience.