The OPEC fund for
international development
  • Who we are
    • At a Glance
    • Member Countries
    • Facts & Figures
    • The Organization
    • Partners
    • FAQs
  • What we offer
    • Overview
    • Public Sector Lending
    • Private Sector & Trade Finance
    • Grants
    • Special Initiatives
  • Focus Areas
    • Overview
    • Agriculture
    • Education
    • Energy
    • Financial
    • Health
    • Industry
    • Infrastructure
    • Multisectoral
    • Telecommunications
    • Transportation
    • Water & Sanitation
  • Operations
    • Search Operations
    • World Map
    • Countries A-Z
  • Investor Relations
    • Overview
    • Credit Fundamentals
    • Funding
    • Operations
    • Governance
    • Contact Us
  • News (current)
  • Contact Us
  • Media Center
  • Publications
The OPEC Fund
for International
Development
  1. News
  2. OFID extends loan to Nepal to boost water and sanitation sector
September 21, 2015

OFID extends loan to Nepal to boost water and sanitation sector

Suman Prasad Sharma, Finance Secretary of Nepal, and OFID Director-General Suleiman J Al-Herbish.

Vienna, Austria, September 22, 2015. The Director-General of the OPEC Fund for International Development (OFID) Suleiman J Al-Herbish and Suman Prasad Sharma, Finance Secretary of Nepal, signed a US$20m public sector loan agreement for the Small Towns Water Supply & Sanitation Sector Project (Phase III). The project aims at enhancing water supply and sanitation services in 26 towns across the country. Around 400,000 inhabitants will receive piped-in water supplies and over 20,000 households improved sanitation facilities, thereby raising health and living standards considerably.

Mr Al-Herbish welcomed Mr Sharma and his delegation and spoke of OFID’s longstanding relationship with Nepal, which dated back to 1976. He noted that OFID had approved a total of US$244m that supported the “diverse aspects” of Nepal’s development program. The DG also spoke of OFID’s first private sector loan agreement signed last year with Nepal for the Essel-Clean Solu Hydropower project. He said that OFID looked forward to strengthening its private sector activities in the country as the institution believed it was an “integral sector of the development process.”

Mr Sharma expressed his “deep appreciation” for OFID’s support of Nepal’s socio-economic development and said his country had “greatly benefited” from this assistance that was channeled to “all of the important sectors of the Nepalese economy.” He said that the project would assist government in achieving its goal to reduce poverty by enhancing access to clean drinking water and that it would help create “healthier lives” for the beneficiary communities. “I strongly believe, concluded Mr Sharma, “that our cordial relations will be further fostered and strengthened in the days to come.”

Share this
Scroll top
September 21, 2015
Scroll top
Who we are
  • At a Glance
  • Member Countries
  • Facts & Figures
  • The Organization
  • Partners
  • FAQs
What we offer
  • Overview
  • Public Sector Lending
  • Private Sector & Trade Finance
  • Grants
  • Special Initiatives
Focus Areas
  • Overview
  • Agriculture
  • Education
  • Energy
  • Financial
  • Health
  • Industry
  • Infrastructure
  • Multisectoral
  • Telecommunications
  • Transportation
  • Water & Sanitation
Operations
  • Search Operations
  • World Map
  • Countries A-Z
News
Career Opportunities
  • Vacancies
  • Young Professional Development Program
  • Internships
Administrative Tribunal
The OPEC Fund
for International
Development
Parkring 8
1010 Vienna
Austria
  • Copyright 2022 by the OPEC Fund
  • Fraud Alert
  • Administrative Tribunal
  • Privacy Statement
  • Terms of use
  • Contact
  • Webmail

We use Cookies. Read our Terms