Kathmandu, January 17

Members of the Federal Parliament and World Bank officials held consultations and development policy dialogue at a knowledge exchange programme in Kathmandu today.

Over 40 members of the Parliamentary Finance Committee and the Parliament Secretariat took part in the programme.

“These engagements with the representatives of the people of Nepal are a key part of our role and responsibility as trusted partners in Nepal. They allow us to exchange ideas and to better understand the vision of the Nepali people in reducing extreme poverty and boosting shared prosperity. It also allows us to share experiences on development narratives from the rest of the world,” said Qimiao Fan, World Bank country director for Bangladesh, Bhutan and Nepal, adding, “The country’s path of nation-building and sustainable development relies on sound policies and institutions, and the Parliament is key in ensuring that these are both in place.”

During the programme supported by the World Bank and facilitated by the Parliament Secretariat, Country Manager Faris H Hadad-Zervos introduced the World Bank Group operations in Nepal, its instruments, country partnership framework and areas of development support.

This was followed by a synopsis of the Bank’s analysis of latest macroeconomic and development updates, presented by World Bank Senior Country Economist Kene Ezemenari. Xiaoping Wang and Rabin Shrestha, senior energy specialists from the World Bank, then made presentation on current scenario of the power sector in Nepal.

“The programme was a great opportunity to understand the World Bank Group operations and explore avenues of cooperation and support in the days to come,” said Krishna Prasad Dahal, chairperson of the Parliamentary Finance Committee.

“Extensive sharing of data, information and practical knowledge will help pinpoint the direction of future policies and refine our responsibilities as lawmakers,”he added.

The World Bank is engaging the Nepali Parliament in various ways. Through the Integrated Public Financial Management Project supported by the Multi-Donor Trust Fund (financed by Australia, Switzerland, DFID, European Union, Norway and USAID), the World Bank is currently supporting the Parliament of Nepal through strengthening of the PFM capacity of technical staff in the Secretariat. Knowledge exchange opportunities will be provided to MPs within this programme.