Finance Minister Dr Ram Sharan Mahat met Director General of the Asian Development Bank (ADB) H Kim at the finance ministry on Thursday (June 4).

 

In the meeting, the duo discussed the International Donors Conference slated for June 25 in Kathmandu and the role of ADB in Nepal’s reconstruction process after the earthquake. 

 

At the Nepal Partnership Forum held in Baku of Azerbaijan on May 3, ADB had announced assistance worth Rs 20 billion to Nepal's reconstruction process.

 

According to a press release from the finance ministry, Dr Mahat informed Kim that the country would need up to Rs 1,000 billion for the reconstruction and rebuilding process. The duo also discussed the possibility of additional assistance from ADB.

 

Finance Secretary Suman Prasad Sharma, joint secretary Madhu Kumar Mrasini and ADB’s country director for Nepal, Kenichi Yokoyama were also present during the meeting.