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Nepal: South Asia Subregional Economic Cooperation Customs and Logistics Reforms Program (Subprogram 1)
The program supports continuing reforms in customs through implementation of the Customs Reform and Modernization (CRM) Plan 2021-2026 and improving trade logistics through the preparation and implementation of a new Trade Logistics Policy (TLP) 2022.
| PROJECT DETAILS | ||
|
Commitment Date Funding Type Country Sector Status Total Cost |
5 Jul 2023 Loan Nepal Trade Facilitation Ongoing $50 million | |
| KEY OUTPUTS |
Improved customs enabling environment through the establishment of electronic payments, paperless customs, and an online valuation database; and implementation of post-clearance audits and reduction of export documentation Enable the coordinated approach by multiple stakeholders in logistics |
| FINANCING |
$50 million (Asian Development Fund / Concessional ordinary capital resources lending) |
