गृहपृष्ठ ∕ Breaking ∕ Finance Minister seeks $1 Billion World Bank support Breaking Finance Minister seeks $1 Billion World Bank support KathmanduPati October 06, 2026 Kathmandu [Nepal], October 5 – Finance Minister Swarnim Wagle has held talks with World Bank Group President Ajay Banga in Washington seeking to mobilize nearly $1 billion to support reconstruction, economic reforms, insurance and social protection. Wagle, who travelled to the United States at Banga’s invitation discussed the reconstruction of physical and economic infrastructure damaged by the recent Bhotekoshi River floods along with broader macroeconomic reforms. According to Wagle’s secretariat, Banga expressed condolences over the flood losses and pledged significant World Bank support for reconstruction. He also praised the government’s efforts toward policy and institutional reforms and stressed the need to expand infrastructure investment and create jobs domestically. Banga said the World Bank would launch a new initiative to expand joint investment in priority areas by coordinating with development partners including the Asian Development Bank and International Finance Corporation. World Bank Country Director for Nepal David Sislen said it was the first direct bilateral meeting between a World Bank president and Nepal’s finance minister in three decades. Write your comments RELATED NEWS Government plans to drain four high-altitude lakes Home Minister warns action against misuse of state secrets Nepal Home Minister Gurung to visit India for BIMSTEC meeting Rabi, Australian Envoy discuss bilateral cooperation South Korean volunteers join flood recovery efforts in Nepal’s Nuwakot Nepal PM says disaster response continues without compromise Top Headlines Monsoon is predictable and Nepal’s disaster response should be too1 Nepal “a Buffer State”: Rethinking foreign policy in relative terms2 Promotion Linked to Future Military Leadership: Major General Magar Could Become Army Chief3 When the State Pulls the Trigger, Who Answers ?4 Before the Ballots: How Oli Lost the Political Narrative5 PM Shah pledges Krishnabhir highway reopening within month6 Balen’s Silence Has Invited Curiosity, Confusion, and Concerns7 Nepal’s Political Renaissance: The rise of the RSP, the re-ordering of the old political order and the political path forward8 TRENDING The Role of the Nepalese Army in Strategic Road Projects Nepal Army initiates investigation into case of financial irregularities by Lieutenant Colonel Janmat Karki Army Day : Five facts about Nepal’s ‘blue helmets’ in UN-peacekeeping missions Forbes-listed billionaire Binod Chaudhary tests positive for coronavirus Hungry people out on streets, but the government nowhere to be seen Namrata is Miss Nepal 2020 The FinCEN Files: Nepali banks and companies transact billions of rupees through dubious channels Nepal Army opens investigation into case of captains thrashing soldier in Congo
