ADB Approves Major Irrigation Project in Nepal
The Asian Development Bank (ADB) has recently approved a significant financing package aimed at enhancing irrigation access in rural Nepal. This initiative is set to transform agricultural practices in the Rautahat and Sarlahi districts of Madhesh Province, where farmers have long struggled with inconsistent water supply.
Clean Industrial Deal and Competitiveness Fund the new Priorities of von der Leyen
A new “Clean Industrial Deal” within the first 100 days of the mandate to support the competitiveness of European businesses without compromising sustainability ambitions. Additionally, increased research spending, a new European Competitiveness Fund, Union of Savings and Investments, AI Factories, public procurement favoring European products, initiation of new IPCEIs, less bureaucracy, and risk absorption measures for venture capital. These are some of the main policy directions in economic development and competitiveness that will guide the new EU Commission over the next 5 years.