Finance Minister Wagle meets World Bank President Banga in United States

Finance Minister Dr Swarnim Wagle travelled to the United States leading a delegation following an invitation from the leadership of the World Bank. In Washington, DC, the minister engaged in high-level bilateral discussions with World Bank Group President Ajay Banga. During the discussions, President Banga conveyed his condolences regarding the losses and damage caused by recent flood disasters across Nepal. He pledged that the institution would provide significant assistance toward rebuilding infrastructure. Furthermore, President Banga outlined plans for the institution to initiate new measures aimed at expanding joint investments in priority sectors. This approach involves coordinating with development partners such as the International Finance Corporation and the Asian Development Bank. David Sislen, who serves as the national director for the World Bank regarding Nepal, pointed out the significance of the encounter. According to his statements, this direct dialogue represents the initial face-to-face bilateral meeting between a president of the organisation and a finance minister from Nepal in the span of three decades.