The Asian Development Bank (ADB) will continue to work closely with the Government of Nepal in helping to reduce poverty and promote inclusive growth for all Nepalis, said Juan Miranda, Director-General of ADB’s South Asia department at the end of his two-day visit to Nepal.

Miranda said that he has been following developments in Nepal with keen interest. “ADB appreciates that Nepal has maintained steady economic growth and macroeconomic stability despite challenging conditions,” he said. 

Miranda stressed the importance of staying the course on economic reforms and development to address poverty and other development challenges as well as achieve higher economic growth.

Miranda also discussed the Melamchi Water Supply Project with the Government. “We had a productive discussion with the Ministry of Urban Development on the specific actions to move forward, including the smooth settlement with the outgoing contractor, and swift selection of an internationally reputed, committed and dedicated contractor who can deliver high quality infrastructure in a timely and efficient way,” he added. 

In meetings with the Secretaries of the Ministries of Energy and Finance, Miranda discussed the proposed 140MW Tanahu Hydropower Project, which is at an advanced stage of preparation. Discussion focused on the financing structure, and the need and steps to engage highly qualified construction supervisors and contractors to achieve timely construction of this critical infrastructure.