The National Reconstruction Authority (NRA) of Nepal and Indian Embassy have jointly organized a two-day training program from 30-31 August on the Export Import (EXIM) Bank of India’s Line of Credit guidelines and procedures along with simulation exercise on a range of projects.
The two sides agreed to collaborate on future capacity building efforts of the Government of Nepal officials who would be closely working on the Government of India’s Line of Credit supported projects.
According to a press release issued by Indian Embassy, a total of 23 Government of Nepal officials from various Ministries, Central Level Project Implementation Units (CLPIUs) and NRA participated in the training program. Two senior experts from the EXIM Bank of India have conducted the training program.
The training program was organized as part of a bilateral understanding reached between Government of Nepal and Government of India officials during the 5th Line of Credit (LOC) Review Meeting held in February 2017 in Kathmandu. It was agreed that the EXIM Bank of India would conduct a training program for the Government of Nepal officials in order to acquaint them with Line of credit guidelines and procedures for the utilization of US$ 750 million LoC component of India’s economic recovery package for Nepal’s post-earthquake reconstruction.
The training program covered general introduction to the EXIM Bank of India’s Line of Credit (LOC), pre-qualification, tendering process and evaluation of tender documents, project identification and simulation exercise on select projects. The participants expressed satisfaction at the training imparted.