Nepal’s FM Bishnu Paudel engages in meetings with ADB, World Bank

By  News On Air   Oct 24, 2024

Nepal’s Deputy Prime Minister and Minister for Finance Bishnu Paudel who is presently here in the course of attending the annual meetings of the World Bank Group and the International Monetary Fund (IMF) in the US held a meeting with the Vice President of the Asian Development Bank (ADB) Yingming Yang.

According to the Nepali Embassy in Washington, they discussed the matters related to the present capital of the Bank and future potential collaborations with Nepal on the occasion. According to the report of States News agency RSS, Finance Minister Paudel lauded the ADB’s role in advancing construction projects in Nepal. He also extended gratefulness to the ADB for providing a grant of 3 million US Dollars for the survivors of recent floods and landslides.

The ADB Vice President Yang informed Minister Paudel about the structural process of the new partnership strategy of the Bank. Meanwhile, DPM Paudel also had a meeting with the World Bank Group’s Executive Director Wempi Saputra. Director Saputra had assured enhancing WBG’s participation in the development efforts of Nepal. Also on the same day, DPM Poudel had a meeting with Vice President of International Finance Corporation, Riccardo Puliti