IDA21 taking place from June 18-21 in Nepal

KATHMANDU, JUNE 10 : The Ministry of Finance has established the organizing committee and management and coordination committee for the twenty-first replenishment of the International Development Association (IDA21), scheduled from June 18 to 21 in Kathmandu. The IDA21 is deemed a crucial event to be hosted in Nepal by the World Bank Group.

As per the Finance Minister’s Personal Secretariat, the organizing committee, led by Finance Secretary Madhu Kumar Marasini, and the management and coordination committee, headed by Ministry’s Joint Secretary Shreekrishna Nepal, have been formed.

Prime Minister Pushpa Kamal Dahal ‘Prachanda’ is slated to inaugurate the IDA21, which will consist of three sessions: the inaugural session, closed session, and closing session. Finance Minister Barsha Man Pun will preside over the closing session.

Additionally, Minister for Education, Science, and Technology Sumana Shrestha will participate in the IDA21 as a speaker.

The World Bank’s International Development Association (IDA) has been a steadfast partner in South Asia for over six decades, catalyzing transformative change to enhance the quality of life for millions, stated the World Bank. They emphasized that the 21st replenishment of IDA (IDA21) is a milestone moment in South Asia’s development and recovery journey, particularly in the face of overlapping challenges in the region.

World Bank Group President Ajay Banga, Senior Managing Director of Development Policy and Partnership Axel van Trotsenburg, Independent Co-Chair of IDA21 Replenishment Sheku Sambadeen Sesay, and other high-level officials are slated to visit Nepal to attend the meeting.

Joint Secretary Nepal mentioned that approximately 60 donors from the World Bank Group and over 300 representatives from 90-plus partner countries are expected to attend IDA21. He expressed Nepal’s delight in organizing such a large-scale meeting and highlighted the confidence of the organizing committee that IDA21 will provide diplomatic advantages to Nepal.