Kathmandu: Embassy of India in Kathmandu and the Ministry of Finance, Government of Nepal held a Projects Portfolio Performance Review Meeting today. The Indian side was led by H.E. Shri Naveen Srivastava, Ambassador of India and the Nepali side was led by H.E. Dr. Prakash Sharan Mahat, Finance Minister, Government of Nepal (GoN).
The discussions were held on ongoing projects in various sectors under the India – Nepal development cooperation framework both under Grant assistance and under various Lines of Credit. The meeting also deliberated on potential sectors of collaboration between India and Nepal in the future.
Ambassador Srivastava during the meeting highlighted India’s robust development cooperation with Nepal and reiterated the Government of India’s commitment and support towards working with the Government of Nepal in the future towards development cooperation with Nepal as per the priorities set by the Government of Nepal. The Finance Minister of Nepal appreciated the GoI’s development support and highlighted its significance in advancing Nepal’s developmental efforts. He expressed GoN’s commitment to further enhance this cooperation in other potential sectors as well.
India is the largest and most prominent development partner of Nepal. India-Nepal development partnership which began in 1951 has continued and expanded over the last seven decades. The projects under the Development partnership have been diverse in size and sector and are geographically spread throughout Nepal.