Nepal, Nov. 28 -- The Asian Development Bank (ADB) has approved a $100 million policy-based loan to advance public financial management reforms in Nepal for improved public expenditure and debt management at the national level and enhanced resource planning, financial management, and devolved service delivery at the subnational level.The initiative aligns with the Government of Nepal's Five-Year Plan and builds on ADB's previous policy-based concessional support to reinforce Nepal's fiscal governance and advance decentralization reforms. The program will strengthen fiscal sustainability and fiscal federalism by increasing fiscal space through expenditure rationalization, revenue generation, fiscal risk reduction, innovative financing, and i...