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

Photo Release: EXIM Thailand Visits Xayaburi Hydroelectric Power Project

Mr. Nopporn Thepsithar (fifth left), Chairman of the Board of Executive Directors, Export-Import Bank of Thailand (EXIM Thailand) and Dr. Narongchai Akarasanee (center), former Minister of Energy, recently visited Xayaburi Hydroelectric Power Project...

Thailands Promotion of Advanced Technology and Eco-system Development Enables Local Producers to Fly Higher

Thailand has been experiencing a gradual shift from a manufacturing to a high-value manufacturing economy after the country has put all its efforts into promoting the use of advanced technology, science, and innovation in parallel with the development of...

Get 5-Baht Cashback when making payment via K PLUS for BTS tickets until April 30, 2019

To celebrate the latest QR Code payment service via K PLUS for one-way BTS tickets bought from ticket issuing machines at BTS Stations, KBank has teamed up with BTS to offer a cashback of 5 Baht/trip, which will be credited into the passenger's account...

OKEx Revisited Bangkok After Launch of Thai Baht Trading

OKEx, a Malta-based world-leading digital asset exchange, has made a stop-over to Bangkok to bring industry leaders together to exchange ideas on blockchain technology. In view of the fast-growing digital asset community in Thailand, OKEx has launched...

MFC launches new 6-month fund investing in global debt instruments, IPO 18 22 February 2019

Mr. Lim Chong Boon Dennis, President, MFC Asset Management Public Company Limited, announced today that MFC will be launching the MFC International Fixed Income Fund 6 Months Series 12 or I-FIX 6M12 during 18 – 22 February 2019. The Fund is a...

Related Topics