• Monday 16th September 2019

WB pledges support to Nepal

  • Published on: November 21, 2018

  • By Our Reporter
    World Bank Vice President for South Asia Region Hartwig Schafer reiterated the World Bank’s commitment to supporting Nepal in its ambitious transition to federalis.
    Schafer was in Nepal for a five-day visit last week.
    During his meeting with Prime Minister KP Sharma Oli, Schafer congratulated the government’s visionary goal of reaching the middle-income country status by 2030, reaffirmed the World Bank’s commitment to support government priorities, and to help the country raise additional finance from a broader range of sources.
    In his meeting with Finance Minister Dr. Yuba Raj Khatiwada, Schafer also discussed further support to the federalism transition, as well as the planned International Investors’ Conference in 2019 in support of Nepal’s agenda to crowd in private finance for development.
    The Vice President also had a joint field visit with Finance Minister Dr. Yuba Raj Khatiwada and Minister for Energy, Water Resources and Irrigation Barsha Man Pun to discuss the potential of tourism, hydropower and private sector investment in the country.
    The team visited Solukhumbu District and Sankhuwasabha District before seeing houses being rebuilt after the earthquake in the Majhi settlement of Gaikhura in Manthali Municipality, Ramechhap.
    In Kathmandu, Schafer participated in the launch of a joint report of the World Bank Group entitled “Country Private Sector Diagnostic: Creating Markets in Nepal”.
    He was also part of the signing of two agreements between the Government of Nepal and World Bank.
    He returned home on Saturday.


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