October 14: The World Bank is positive about providing concessional loan of Rs 130 billion for the Upper Arun Hydropower Project.    
The WB indicated that it is willing to provide the concessional loan for the project during the meeting of its office-bearers with Finance Minister Dr Prakash Sharan Mahat in Marrakesh of Morocco on Saturday. Finance Minister Mahat is in Morocco to attend the annual meeting of the WB.    
According to the Ministry of Finance, the high-level Nepali delegation is preparing to hold a discussion focusing on the issues of technical and financial aspects for acquiring the loan in Washington next week.    
Similarly, the WB has given a positive nod to the proposal presented by the finance minister to organise the 21st meeting of International Development Aid in Nepal.    
During the review meeting with Vice-President for South Asia Region, WB, Martin Raiser, and WB Vice-President of Development Finance, Akihiko Nishio, they responded positively to Nepal's proposal. -- RSS