High-level bilateral meeting between Finance Minister Wagle and World Bank Group President Banga
Kathmandu. Finance Minister Dr. Swarnim Wagle and World Bank Group President Ajay Banga held high-level bilateral meetings.
At the invitation of the President of the World Bank, Finance Minister Dr. Wagle and President Banga met in Washington D. C. The meeting was held in Washington DC. The meeting was held in the United States. During the meeting, Finance Minister Wagle held extensive discussions on the reconstruction of physical and economic infrastructures damaged by the recent floods in the Bhotekoshi River in Rasuwa, comprehensive economic reforms, and mobilization of resources worth around one billion US dollars for insurance and social protection. On the occasion, World Bank President Banga expressed sorrow over the loss caused by floods and disasters in Nepal and pledged to provide significant support in the reconstruction sector. He also appreciated the steps taken by the new government for policy and institutional reforms and stressed the need to expand investment in infrastructure and create employment opportunities within the country. Banga said the World Bank would take new initiatives to expand joint investment in priority areas of Nepal in coordination with development partners including the Asian Development Bank and International Finance Corporation. According to David Sislane, World Bank Country Director for Nepal, this is the first in-person bilateral meeting between the President of the World Bank and the Finance Minister of Nepal in the last three decades. The meeting was attended by World Bank Vice-Presidents Jahanas Jat and Junaid Ahmad and other high-ranking officials.
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