Sunday, February 19, 2012

ADB vice president wraps up Nepal visit

The Asian Development Bank (ADB) will continue to support Nepal’s economic reforms and development agenda while the country strives to complete the ongoing peace and constitution drafting process, said ADB vice president of Operations Xiaoyu Zhao, at the end of his three-day visit to the country.
"The increase in assistance provided by ADB to Nepal in recent years testifies to ADB's strong commitment to Nepal's development and poverty reduction efforts," said Zhao.
During his meetings with Prime Minister Dr Baburam Bhattarai and other senior government officials, he stressed that it was crucial for Nepal to continue with its economic reforms to reduce poverty, address development challenges and work to achieve sustainable economic growth for the ongoing peace process and stability.
Zhao also visited the Melamchi Water Supply Project and congratulated the government for its commitment to complete the project, and said ADB was pleased that the work to complete the construction of the tunnel was progressing well on all fronts. "ADB remains committed to providing necessary support to the Nepali government to ensure that the project is completed despite the long delays it has experienced," he added.
Zhao met the Finance Minister, Minister of Environment, chief secretary and other senior government officials during his three-day visit.Zhao joined ADB in August 2008, and heads ADB's Operations Group 1 which includes the South Asia Regional Department and the Central and West Asia Regional Department.
Prior to joining ADB, Zhao was the deputy governor of the Export-Import Bank of the People’s Republic of China. He also served as the executive director for the People’s Republic of China at ADB from March 1999 to September 2002.
ADB, based in Manila, is dedicated to reducing poverty in Asia and the Pacific through inclusive economic and environmentally sustainable growth, and regional integration. Established in 1966, it is jointly owned by 67 members — 48 from the region.


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