Projects Portfolio Performance Review Meeting between Indian Embassy and Finance Ministry of Nepal

Nepal Views

Kathmandu: The Embassy of India has held a “Projects Portfolio Performance Review Meeting ” with Nepal’s Finance Minister Dr. Prakash Sharan Mahat.

Naveen Srivastava, Ambassador of India, led the Indian side, and Finance Minister of Nepal Dr. Prakash Sharan Mahat led the Nepali side. Representatives of concerned Ministries, Departments, and Agencies of the Government of Nepal involved in the implementation of projects, as well as concerned officers and officials of the Embassy of India participated in the meeting.

The discussions were held on ongoing projects in various sectors under the India – Nepal development cooperation framework both under Grant assistance and various Lines of Credit. The meeting also deliberated on potential sectors of collaboration between India and Nepal in the future.

Ambassador Srivastava during the meeting highlighted India’s robust development cooperation with Nepal and committed and to support the Government of Nepal while working in the future towards development cooperation as per the priorities set by the Government of Nepal.

Finance Minister Dr. Mahat also appreciated the Government of India for its development support and also highlighted its significance to advance Nepal’s developmental efforts. He expressed GON’s commitment to further enhance this cooperation in other potential sectors as well.

India is the largest and most prominent development partner of Nepal. India-Nepal development partnership which began in 1951 has continued and expanded over the last seven decades. The projects under Development partnership have been diverse in size and sector with geographical spread throughout Nepal.