Modi offers $1 bn credit to Nepal

Kathmandu: Prime Minister Narendra Modi who is on an official visit to Nepal offered a line of $1 billion credit to the Himalayan nation, a minister said Sunday.

The fund is for road and hydro-power projects, Nepalese Finance Minister Ram Saran Mahat briefed the media.

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Modi is on a two-day visit to Nepal which is expected to strengthen bilateral and regional ties between the two neighbouring countries.