|
Description |
The South Asia Subregional Economic Cooperation Customs Reform and Modernization for Trade Facilitation Program will contribute to Nepal''s national goals of promoting and diversifying exports, and help the country fulfill its commitments to the Trade Facilitation Agreement of the World Trade Organization and related international standards on customs. The Government of Nepal has requested a concessional loan in various currencies equivalent to SDR15,341,000 ($21 million) from ADB''s ordinary capital resources to help finance the program, together with a technical assistance grant of $1 million. |
|
Project Rationale and Linkage to Country/Regional Strategy |
The transaction technical assistance is needed to help strengthen Nepal's Department of Customs'' capacity to execute reform measures captured in the policy matrix of the program, which are in turn the strategic priorities of the 4-year national strategy, the Customs Reform and Modernization Strategies and Action Plan (CRMSAP) 2017 -2021, with which the program is fully aligned. The TA and the policy-based loan are both included in the Country Operations Business Plan: Nepal, 2017-2019 and the Regional Cooperation Operation Business Plan: South Asia, 2016- 2018. |
|
Impact |
|
|
