Nepal’s Deputy Prime Minister and Minister for Finance, Bishnu Paudel, is currently attending the annual meetings of the World Bank Group and the International Monetary Fund (IMF) in the United States. During his visit, he held a meeting with Yingming Yang, Vice President of the Asian Development Bank (ADB).
According to the Nepali Embassy in Washington, they discussed the current capital of the Bank and explored future potential collaborations with Nepal.
As reported by the state news agency RSS, Finance Minister Paudel praised the ADB’s role in advancing construction projects in Nepal and expressed gratitude for the ADB’s provision of a grant of 3 million US dollars for survivors of recent floods and landslides.
Vice President Yang informed Minister Paudel about the structural processes involved in the Bank’s new partnership strategy.
Meanwhile, DPM Paudel also met with the World Bank Group’s Executive Director, Wempi Saputra, who assured him of enhancing the WBG’s participation in Nepal’s development efforts. On the same day, DPM Paudel had a meeting with Riccardo Puliti, Vice President of the International Finance Corporation.
By – Sweta Singh (Kathmandu)