Nepal to take part in ADB annual meeting

KATHMANDU, MAY 02:

Nepal will participate in the 46th annual meeting of Asian Development Bank’s (ADB) Board of Governors, which begins tomorrow, in New Delhi.

It will discuss ADB’s annual programme, assistance strategy and effectiveness of resource mobilisation, said finance secretary Shanta Raj Subedi before leaving for Delhi today.

On the occasion, Nepal will also hold dialogues on bilateral assistance on economic and social development with other participating countries, he said, adding that finance minister Shankar Koirala will lead the Nepali team in the annual meeting on May 2-5.

More than 4,400 delegates — comprising of top policymakers, business leaders, media, academics, civil society, and development institution representatives — will attend the meeting.

High level officials from Asia and the Pacific will join other delegates to discuss a range of topics central to the region’s sustainable growth and development, including job creation, mobilising infrastructure finance, and fostering deeper regional cooperation.

This year’s governors’ seminar, ‘Beyond Factory Asia: Fueling Growth in a Changing World’, will look at ways the region can transform its economic model, moving from factory-driven manufacturing up the production value chain to alternative growth sources while avoiding the middle income trap.

Source: THT