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ADB approves 166 mln USD loan, grant to boost Nepal’s economy

MANILA, Dec. 14 (Xinhua) — The Asian Development Bank (ADB) on Thursday said it has approved a financing package of 166 million U.S. dollars to boost the local economy in Nepal by building climate-and-disaster-resilient cities that promote sustainable tourism and provide residents with a better quality of life.

The ADB said the project is intended to strengthen some municipalities’ resilience to climate and dis