Saturday, January 28, 2023

WB requested to increase assistance

Kathmandu, Jan. 21

Deputy Prime Minister and Finance Minister Bishnu Prasad Paudel has requested the World Bank to increase its budgetary assistance.

He requested the bank to increase the scope of budgetary aid in a meeting with the delegation led by WB’s Country Director for Nepal, Sri Lanka and Maldives, Faris Hadad Zervos the other day.

According to him, the Ministry of Finance will play an effective role in completing the necessary preliminary tasks for the allocation and receipt of budgetary assistance from the World Bank in the current financial year.

Mentioning that the government is committed to identifying and solving the causes of the problems seen in the projects run with the assistance of the WB, he said that he is paying attention to ensure that there were no weaknesses and complaints.

Appreciating the support provided by the multinational donor in various fields, DPM Paudel informed that projects such as Upper Arun and rural roads are Nepal's priorities.

On the occasion, he expressed his belief that the relationship with the WB would be further strengthened and said that the political leadership will help to make the projects successful.

Meanwhile, Zervos stated that he was aware of and impressed with the working style of the DPM and FM Poudel, and expressed his belief that projects supported by the WB should be prioritised.

He requested the DPM Paudel to facilitate the solution to the problems encountered in the projects run with the assistance of the bank.

Published in The Rising Nepal daily on 22 January 2023.  

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