World Bank assures continued support for Nepal’s higher economic growth
Summary
The World Bank has pledged continued support for Nepal's higher economic growth focusing on infrastructure, environmental issues, and private sector participation.
Key Points
- The World Bank Vice President for South Asia Johannes Zutt committed to supporting Nepal's higher economic growth.
- Finance Minister Bishnu Paudel highlighted improved economic indicators and government readiness to align with the World Bank's Country Partnership Framework.
- The Alternative Development Finance Mobilization Bill, passed in the House and under review in the National Assembly, aims to enable private sector investments in return-oriented projects.
- The World Bank emphasized collaboration on infrastructure development in Lumbini and Kathmandu Valley and stressed reducing pollution and enhancing private sector participation.
