Finance Minister meets ADB president Nakao, urges for more ADB support

Posted on: May 07, 2017 | views: 127

Nepal has urged the Asian Development Bank (ADB) to support in big projects helping in its socio-economic transformation.

Deputy Prime Minister and Minister for Finance, Krishna Bahadur Mahara, who is in Japan in course of participating in the 50th annual meeting of ADB Board of Directors, urged this during the meeting with ADB President Takehiko Nakao this morning.

Saying the government of Nepal has put modernization of agriculture, hydropower production, expansion of road network, tourism and increasing investment in big projects of urban development infrastructures in top priority, DPM Mahara said that additional support of ADB is indispensable for its implementation.  

DPM Mahara also briefed the ADB President about special initiatives from the government of Nepal and bodies concerned for the effective utilization of ADB's support to Nepal.   

The DPM urged ADB President Nakao to appoint ADB Country Director to Nepal and deploy him/her to the working area, as implementation of ADB run projects has been affected in lack of the country director.

ADB president Nakao expressed the bank's commitment to extend the possible cooperation for Nepal's development needs and in priority sectors determined by the Government of Nepal, 

The ADB president pledged increased assistance to Nepal from the ADB development fund, prompt appointment of the ADB's Nepal director and to visit Nepal during the time of the completion of the Melamchi Water Supply Project as far as possible.