World Bank to support for employment generation

WASHINGTON: Deputy Prime Minister and Minister for Finance, Bishnu Poudel who arrived in Washington in the course of attending the annual meetings of the World Bank Group (WBG) and International Monetary Fund (IMF) on Wednesday held a meeting with WBG’s Vice President for South Asia Region, Martin Raiser.

According to the Nepali Embassy here, the discussion was focused on generating employment opportunities in Nepal.

Matters related to the improvement of the business environment, implementation of mega infrastructure projects and generation of employment opportunities in Nepal through remittance inflow were discussed on the occasion.

Meanwhile, the WBG has agreed to extend support to Nepal for the post-disaster reconstruction. The agreement to this effect was signed by the Government of Nepal and the World Bank.

Finance Secretary Ram Prasad Ghimire and World Bank’s representative for Nepal David Sislen signed the agreement paper.

According to the agreement, the World Bank would provide Nepal with the assistance amounting to 150 million US Dollar.

It was informed in the agreement signing ceremony that the resource would be mobilised for addressing health complications stemming from natural and climate change in Nepal.

The agreement was signed in the presence of DPM and Finance Minister Poudel and World Bank’s Vice President for South Asia Region Raiser.