The World Bank’s Board of Executive Directors on Monday, February 9, approved $50 million (Rs 7.23 billion) in financing to boost Nepal’s digital public infrastructure and digitize public services.
The Nepal Digital Transformation Project will invest in digital platforms including an integrated online citizen service portal and an integrated social registry; a secure government-wide data exchange; and a digital locker to manage verifiable credentials and digital wallet, the global lender said in a statement.
“The project will also help digitize high-impact services including land administration with other services being added in a phased approach.,” read the statement. “The project aims to boost private sector investment in the data infrastructure market by improving legal and regulatory frameworks.” To promote trust in the digital economy, the project will invest in electronic signatures, cybersecurity, and data governance.
David Sislen, World Bank Division Director for Maldives, Nepal, and Sri Lanka, added: “By investing in core digital platforms and digitalizing services, this project will help deliver enhanced services to people and businesses in an inclusive and transparent manner thereby improving service delivery, public sector efficiency, and good governance.”
The project will be financed under a joint co-financing arrangement between the World Bank and the Asian Development Bank (ADB) under the Full Mutual Reliance Framework.
“The World Bank is the lead lender while the ADB will serve as the trail lender and contribute $40 million,” added the statement. “ADB’s management is expected to present the project to their Board for consideration in March 2026.”
The project will be implemented by the Ministry of Communications and Information Technology and Department of National ID and Civil Registration.
you need to login before leave a comment
Write a Comment
Comments
No comments yet.