The Government of Nepal and the World Bank carried out a joint review of the bank supported projects in Nepal. The meeting, the second joint portfolio review this year, was chaired by Krishna Hari Baskota, secretary at the Ministry of Finance. Ms. Tahseen Sayed, World Bank Country Manager for Nepal, led the World Bank team while Lal Shankar Ghimire, joint secretary/chief, FACD Ministry of Finance, coordinated the proceedings. Senior officials from various ministries attended the meeting.
The World Bank currently supports 17 projects in Nepal through concessional and grant financing amounting to US$ 1.3 billion. The meeting noted Nepal’s good development results including progress in poverty reduction, gender parity in education, reduction in maternal mortality, improved infrastructure access, among others.