Finance Minister Wagle in the US, meeting with US Treasury Secretary and World Bank President on Monday
Finance Minister Dr. Swarnim Wagle is on a visit to the United States. On Monday, he will meet with US Treasury Secretary Scott Bessent and World Bank Group President Ajay Banga. Discussions will cover bilateral cooperation, reconstruction, exit from the FATF grey list, and economic reforms.
Kathmandu. Finance Minister Dr. Swarnim Wagle arrived in the United States on Sunday night, leading a two-member delegation.
Finance Minister Wagle was welcomed in Washington, D.C., by Acting Ambassador Sharad Raj Aran and embassy officials. During the visit, Minister Wagle will meet with US Treasury Secretary Scott Bessent (Secretary of the Treasury) and World Bank Group President Ajay Banga on Monday, with the aim of strengthening Nepal's economic partnership and cooperation.
The discussions will cover the following topics:
- Enhancing bilateral cooperation
- Reconstruction
- Exit from the FATF grey list
- Various aspects of broad economic reforms
During the talks and meetings, there will be discussions with representatives of the World Bank and the US government on mobilizing additional assistance for the reconstruction and resilient development of physical and economic infrastructure damaged by the recent floods in the Bhotekoshi area.
Additionally, the main objective of the visit is to promote investment from development partners and the private sector to create employment and economic opportunities within the country through important infrastructure such as roads and electricity transmission lines.
During the visit, Finance Minister Wagle is scheduled to hold high-level meetings with senior officials of the International Development Finance Corporation as well as leading private sector investors.