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Modi offers USD 1 bn credit to Nepal

Posted on Aug 03 2014 | IANS

Kathmandu, Aug 3 : Prime Minister Narendra Modi who is on an official visit to Nepal offered a line of USD 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.

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

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