In his first sitting with a foreign official, Prime Minister Shah to meet ADB president
Summary
Prime Minister Balendra Shah is set to hold his first one-on-one meeting with Asian Development Bank President Masato Kanda, signaling a shift in Nepal's diplomatic approach while ADB supports key development projects including customs modernization and water supply.
Key Points
- Prime Minister Balendra Shah will hold his first individual meeting with Asian Development Bank President Masato Kanda.
- The visit signals a reset in Nepal's diplomatic posture towards a more state-led approach in foreign relations.
- The government and ADB will sign a $50 million loan agreement for customs modernization and trade facilitation.
- ADB and the government will also sign a $115 million project agreement for climate-resilient water supply and urban sanitation in multiple Nepali towns.
