Nepal receives USD 9.4 mn to reduce carbon

Posted on   12:57 pm

Nepal has received USD 9.4 million from the World Bank for reducing approximately 1.88 million tonnes of carbon dioxide under an emission reduction programme in the Terai Arc Landscape. This is the first payment under the Forest Carbon Partnership Facility’s (FCPF) Emission Reductions Payment Agreement–a major milestone in Nepal’s efforts to reduce emissions from deforestation and forest degradation, a press statement issued by the World Bank said on Sunday. The FCPF programme in Nepal is characterised by its strong community-based approach to sustainable forestry. @@@

S Korea moots military talks with North

Posted on   12:56 pm

South Korea on Monday proposed holding military talks with North Korea to discuss how to clarify the Military Demarcation Line (MDL) in a bid to prevent possible clashes near the inter-Korean border.

World Bank warns Pak of looming economic breakdown Islamabad

Posted on   12:55 pm

The World Bank has issued an advisory to Pakistan, warning that the country’s export crisis is no longer a temporary problem but a result of deep, long-standing structural flaws. In its latest assessment, the Bank says Pakistan’s weak exports are caused by inconsistent policies, distorted markets