World Bank Country Director Meets Prime Minister and Finance Minister

Stocks and Financial Services Press Releases Monday June 11, 2018 09:04
KATHMANDU--11 Jun--World Bank

KATHMANDU, June 10, 2018 – The World Bank's Country Director for Nepal, Qimiao Fan, met with Prime Minister K.P. Sharma Oli today and reaffirmed support for the priorities and programs of the new government. Fan was accompanied at the meeting by Faris Hadad-Zervos, the World Bank's new Country Manager for Nepal.

Fan informed the Prime Minister that the World Bank Group is preparing a new Country Partnership Framework to align with the tenure and priorities of the new government. He said the Bank is fully behind Nepal in its efforts at institutionalizing federalism. Fan said development partners look forward to a government roadmap that could help coordinate their joint support to the federalism agenda, along with all important actors and institutions in the development space. Fan offered the World Bank's support for the government's plans at strengthening the delivery and monitoring of development project. He also noted the need for strong government leadership to improve the investment climate.

Later today Fan and Hadad-Zervos also called on Finance Minister Yuba Raj Khatiwada. They welcomed the budget's focus on jobs, human development, equitable growth and private sector participation. They reviewed the Bank's ongoing program of support and discussed priority areas for partnership over the next few years, as well as ways to design new programs to respond to the new federal context, and in coordination with other development partners. Fan and Hadad-Zervos also congratulated the Government of Nepal for exceeding the disbursement targets for the Bank's investment lending in Nepal this fiscal year, expressing hope that this will continue during the transition towards federalism.


Latest Press Release

In Ukraine, Labor, Taxation, and Social Policies Must Be Upgraded to Address Rising Inequality, Says World Bank

WASHINGTON, September 25, 2018 – Social inequality across the regions of Ukraine is low, but the social gap in urban and rural areas remains wide, according to a new World Bank report. Toward a New Social Contract calls for a fundamental rethinking...

Focus on China-CEE Cooperation During Prague Leg of CEIBS Europe Forum

The historic Prague Castle was the venue for a frank and fruitful discussion on how China and the countries of Central and Eastern Europe can work together to drive mutual economic growth. Attended by about 200 participants, the event saw keynote...

African Leaders, the World Bank Group, and partners catalyze action to ensure that everyone in Africa has a digital identity by 2030

NEW YORK, September 25th, 2018 - African leaders, the World Bank Group, the United Nations, and other development partners met today on the sidelines of the UN General Assembly for the African Leaders Roundtable on Identification for Development to...

Photo Release: KBank joins hands with partners to create K PARK, a new form of lifestyle space for suburban communities

KBank unveils the first K PARK on Hathairat 33 Road by teaming up with three business giants, namely, PTT (PTT gas station and Cafe Amazon), SCG Express and Amarin Printing and Publishing to open a new lifestyle space which offers delightful experiences...

CIMB Group Chairman to Step Down by 31 December 2018

CIMB Group ("CIMB" or "the Group") today announced that its Chairman, Dato' Sri Nazir Razak, will step down from his position as Group Chairman, and all other positions within the CIMB group of companies by 31 December 2018. The CIMB Board of Directors...

Related Topics