Courtesy Meeting in Kathmandu
The World Bank has pledged to support Nepal in achieving higher economic growth. On Tuesday, World Bank Vice President for South Asia, Johannes Zutt, expressed this commitment during a courtesy meeting with Finance Minister Bishnu Paudel in Kathmandu.
Nepal’s Economic Outlook
Minister Paudel highlighted that Nepal’s economic indicators have shown notable improvement in recent months. He stated that the government is prepared to work in line with the Country Partnership Framework (CPF) prepared by the World Bank for the next six years.
Legislative Progress
Paudel further noted that the Alternative Development Finance Mobilization Bill has already been passed by the House of Representatives and is under discussion in the National Assembly. Once enacted, the bill will allow investments in return-oriented projects in partnership with the private sector. He expressed optimism that the World Bank would extend cooperation in achieving the bill’s objectives.
World Bank’s Commitment
In response, Vice President Zutt assured continued support for Nepal’s growth, emphasizing collaboration in:
- Infrastructure development in Lumbini and the Kathmandu Valley,
- Reducing environmental pollution, and
- Fostering overall economic growth.
He also stressed the importance of stronger private sector participation to accelerate Nepal’s development journey.
