World Bank to support for employment generation

Washington DC- Deputy Prime Minister and Minister for Finance, Bishnu Poudel who arrived here in course of attending the annual meetings of the World Bank Group (WBG) and International Monetary Fund (IMF) on Wednesday held a meeting with WBG’s Vice President for South Asia Region, Martin Raiser.

According to the Nepali Embassy here, the discussion was focused on generating employment opportunities in Nepal. Matters related to the improvement of business environment, implementation of mega infrastructure projects and generation of employment opportunities in Nepal through remittance inflow were discussed on the occasion, it was shared.

Meanwhile, the WBG has agreed to extend support to Nepal for the post-disaster reconstruction. The agreement to this effect was signed by the Government of Nepal and the World Bank. Finance Secretary Ram Prasad Ghimire and World Bank’s representative for Nepal David Sislen signed the agreement paper. According to the agreement, the World Bank would provide Nepal with the assistance amounting to 150 US Dollar.

It was informed in the agreement signing ceremony that the resource would be mobilized for addressing health complications stemming from natural and climate change in Nepal. The agreement was signed on the presence of DPM and Finance Minister Poudel and World Bank’s Vice President for South Asia Region Raiser.

Deputy Prime Minister and Minister for Finance Bishnu Poudel who is presently here in course of attending the annual meetings of the World Bank Group and the International Monetary Fund (IMF) held a meeting with Vice President of the Asian Development Bank (ADB) Yingming Yang According to the Nepali Embassy here, they discussed the matters related to the present capital of the Bank and future potential collaborations with Nepal on the occasion.

DPM Poudel 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 Dollar for the survivors of recent floods and landslides. The Embassy further noted that the ADB Vice President Yang informed Minister Poudel about the structural process of new partnership strategy of the Bank.

Meanwhile, DPM Poudel 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 (IFC), Riccardo Puliti.