Nepal, India discussed LOC Review Mechanism

Nepal, India discussed LOC Review Mechanism

July 14, 2014, 5:45 p.m.

The first meeting of the “LoC Review Mechanism” between the Governments of India and Nepal was held in Kathmandu on 4th July, 2014.  Indian delegation was led by Shri. Alok K. Sinha, Joint Secretary (DPA-I) accompanied by Shri Abhay Thakur, Joint Secretary (North), Ministry of External Affairs, and the Nepalese delegation was led by Madhu Kumar Marasini, Joint Secretary, IECCD, Ministry of Finance. 

According to a press release issued by Indian Embassy, the meeting reviewed the progress made on the projects under the existing Lines of Credit (LoC) of USD 100 million and USD 250 million, extended by Government of India to Government of Nepal through EXIM Bank of India. The discussions were held and concluded in a cordial, friendly and constructive atmosphere.

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