Finance Minister Wagle calls on World Bank Group president Banga in USA
Summary
Finance Minister Dr Swarnim Wagle met World Bank Group President Ajay Banga in Washington DC to discuss reconstruction after the Bhotekoshi-Trishuli floods, macroeconomic reforms and mobilizing about US$1 billion for insurance and social protection. The World Bank pledged strong support for Nepal’s recovery and future investment in priority sectors.
Key Points
- Finance Minister Dr Swarnim Wagle held a bilateral meeting with World Bank Group President Ajay Banga in Washington DC, USA.
- They discussed reconstruction of infrastructure damaged by the Bhotekoshi-Trishuli floods and the need for macroeconomic reforms.
- The talks included mobilizing around US$1 billion for insurance and social protection, along with broader development support.
- Ajay Banga pledged significant World Bank assistance and said the bank would explore joint investment in Nepal’s priority sectors.
