AIIB Vice-Chair Dr Wagle urges greater investment in Nepal’s infrastructure
Summary
Finance Minister Dr Swarnim Wagle has urged the Asian Infrastructure Investment Bank to increase investment in Nepal’s infrastructure and productive sectors and make financing more accessible. He also sought support for post-disaster reconstruction during the bank’s annual meeting in Doha.
Key Points
- Dr Swarnim Wagle asked the Asian Infrastructure Investment Bank to boost investment in Nepal’s roads, electricity, communications and information technology sectors.
- He urged the bank to make lending more favorable to Nepal’s needs and help attract domestic and foreign private capital.
- The AIIB annual meeting in Doha also served as a platform for Nepal to seek support for post-disaster reconstruction.
- Wagle held talks with the AIIB president and finance ministers from several countries on economic cooperation and investment expansion.
