Kathmandu, Oct 19 (RSS): Finance Minister Dr Yuba Raj Khatiwada has spoken of the need of a significant rise in the World Bank’s assistance in Nepal to accelerate the pace of development as per Nepal’s priority. The Finance Minister said, “There is a need to increase the World Bank’s assistance for Nepal to alleviate severe poverty it is facing and increase the life expectancy of people up to the ratio of the Asian Pacific region within the next few years, which would enhance quality living standard.”
Minister Dr Khatiwada made this call while participating in a joint annual meeting of International Monetary Fund (IMF) and World Bank (WB) Group South East Asia Voting Group held in Washington DC in the US. At the special function organized on the 50th year of WB’s assistance to Nepal, Dr Khatiwada explained the strategic priorities of assistance to Nepal. Nepal has prioritized the sectors that yield immediate results, he added.
On the occasion, WB Vice Chairman thanked Nepal for making good progress in South Asia with the assistance providing by WB and IMF, according to the Finance Ministry. He said that there was room for forging partnership between Nepal and World Bank in many areas. The World Bank’s Vice-President commended Nepal for being able to implement fiscal federalism in a short span of time.
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