WB Senior Managing Director calls on Finance Minister Pun

KATHMANDU: The World Bank’s Senior Managing Director, Axel van Trotsenburg, paid a courtesy call on Minister for Finance Barsha Man Pun at the Ministry of Finance on Monday.

In the meeting, Minister Pun expressed his happiness at hosting the IDA-21 meeting of the World Bank in Kathmandu. He also expressed all possible support and cooperation of the government to make the conference successful.

Minister Pun also praised the World Bank’s commitment to investment in Upper Arun and Dudhkoshi Storage hydropower projects.

In response, Trotsenburg thanked the Nepal government for hosting the third replenishment meeting of IDA-21. Stating that the World Bank has always put Nepal in high priority, he said the cooperation will strengthen further in the coming days.

Senior Managing Director Trotsenburg arrived in Kathmandu on Monday to meet with government and other stakeholders and chair the 3rd Replenishment Meeting of the World Bank’s fund for low-income countries, the International Development Association (IDA).

The International Development Association (IDA) is the part of the World Bank that helps the world’s low-income countries. In 2024, IDA is working with donors and borrowing countries to replenish resources that will be used to deliver on global development goals, according to a statement issued by the World Bank Group.