Members of the Federal Parliament in Nepal and officials from the World Bank today held consultations and development policy dialogue at a knowledge exchange programme. Over 40 members of the Parliamentary Finance Committee and the Parliamentary Secretariat took part in the programme.
“These engagements with the representatives of the people are a key part of our role and responsibility as trusted partners in Nepal," World Bank Country Director for Bangladesh, Bhutan and Nepal Qimiao Fan said.
"They allow us to exchange ideas, and to better understand the vision of the Nepali people in reducing extreme poverty and boosting shared prosperity." He said, adding that it also allows the World Bank to share experiences on development narratives from the rest of the world. "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, the 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. Likewise, senior energy specialists from the World Bank Xiaoping Wang and Rabin Shrestha, on the occasion, presented on the 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 chairperson of the Parliamentary Finance Committee Krishna Prasad Dahal. "Extensive sharing of data, information and practical knowledge will help pinpoint the direction of future policies and refine our responsibilities as lawmakers."
The World Bank is engaging the Nepali Parliament in various ways. Through the Integrated Public Financial Management (PFM) Project supported by the Multi-Donor Trust Fund – financed by Australia, Switzerland, DfID, EU, Norway and USAID – the World Bank is currently supporting the Parliament through strengthening of the PFM capacity of technical staff in the Secretariat. The World Bank will provide knowledge exchange opportunities to MPs within this programme. It will also help Provincial Parliaments since they can benefit from the expertise of the Federal Parliament to build their own.
“These engagements with the representatives of the people are a key part of our role and responsibility as trusted partners in Nepal," World Bank Country Director for Bangladesh, Bhutan and Nepal Qimiao Fan said.
"They allow us to exchange ideas, and to better understand the vision of the Nepali people in reducing extreme poverty and boosting shared prosperity." He said, adding that it also allows the World Bank to share experiences on development narratives from the rest of the world. "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, the 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. Likewise, senior energy specialists from the World Bank Xiaoping Wang and Rabin Shrestha, on the occasion, presented on the 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 chairperson of the Parliamentary Finance Committee Krishna Prasad Dahal. "Extensive sharing of data, information and practical knowledge will help pinpoint the direction of future policies and refine our responsibilities as lawmakers."
The World Bank is engaging the Nepali Parliament in various ways. Through the Integrated Public Financial Management (PFM) Project supported by the Multi-Donor Trust Fund – financed by Australia, Switzerland, DfID, EU, Norway and USAID – the World Bank is currently supporting the Parliament through strengthening of the PFM capacity of technical staff in the Secretariat. The World Bank will provide knowledge exchange opportunities to MPs within this programme. It will also help Provincial Parliaments since they can benefit from the expertise of the Federal Parliament to build their own.
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