Prachanda requests World Bank, Finnish Minister to invest in Nepal

Prachanda requests World Bank, Finnish Minister to invest in NepalKathmandu, Feb 4 : Nepal Prime Minister Prachnada today separately met visiting Finnish Minister for Foreign Trade and Development Dr Paavo Vayrynen and Managing Director of World Bank (WB), Dr Ngozi Okonio Iweala at his official residence in Baluwatar Wednesday.

According to PM''s press advisor Om Sharma, Prachanda requested Finnish Minister to invest in bigger projects for the economic development of Nepal.

Prachanda also discussed Nepal''s peace process, bilateral issues and Finnish investments here, among other issues. The Finish minister also sought Nepal''s support to his country for a temporary seat in the UN Security Council.

Meanwhile, he met managing director of the World Bank Group Dr. Ngozi Okonjo-Iweala and reiterated government''s commitments to democracy, peace process and rule of law.

He said continued strikes and instability in the Terai are major challenges for the peace process.

"The government is making every effort to bring them under control to create environment for foreign investment," he added.

In response to Prachnada''s request for World Bank investment in bigger projects in Nepal, Dr. Ngozi said World Bank is ready to extend financial support for Nepal''s development, Nepalnew reported. (ANI)

Business News: