KATHMANDU: The European Union and India have pledged continued support to Nepal in its reconstruction efforts following the devastating earthquakes in 2015, including capacity building and long-term development, but pointed out the need for promoting political stability in the country through resolution of issues regarding the new constitution. The EU and India also agreed on the need for a lasting and inclusive constitutional settlement in Nepal that will address the remaining Constitutional issues in a time bound manner, and promote political stability and economic growth, a joint statement issued after the 13th European Union-India Summit in Brussels on Wednesday. They encouraged an inclusive dialogue between all political parties in the Maldives and reform that ensures respect for democracy, human rights and the rule of law, the document read. Both sides expressed commitment to step up foreign policy and security cooperation and welcomed the outcomes of the Foreign Policy Dialogue held on 29 February 2016. According to the statement, they agreed to enhance consultation and cooperation in multilateral fora, on political and economic issues. They agreed to explore possibilities for development partnership and triangular cooperation. The EU and India welcomed the European Investment Bank's (EIB) commitment to supporting long-term investment in infrastructure crucial for environmentally sustainable social and economic development in India. They welcomed a total loan of € 450 Million as a participation in the construction of the first metro line in the city of Lucknow, with the signature by the EIB and the Government of India of a first tranche of € 200 Million. The leaders welcomed the announcement by the EIB of the upcoming establishment, in New Delhi, of the Bank's regional representation for South Asia. Furthermore, they reaffirmed their support to enhanced and broad-based regional cooperation in South Asia encompassing deeper economic and trade exchanges and progress on connectivity projects. They looked forward to the 2016 South Asian Association for Regional Cooperation Summit, the joint statement said. The EU was represented by Donald Tusk, President of the European Council, and Jean-Claude Juncker, President of the European Commission, while India was represented by Prime Minister Narendra Modi in the Summit.