Finance Minister Dr. Swarnim Wagle Departs Washington to Discuss Reconstruction and Economic Reforms

3rd October 2026, Kathmandu

Finance Minister Dr. Swarnim Wagle Departs for the United States: High-Level Talks Focused on Bilateral Cooperation, Reconstruction, and Economic Reforms

At the invitation of World Bank Group President Ajay Banga, a Nepali delegation led by Finance Minister Dr. Swarnim Wagle departed for Washington, D.C., USA, on Friday night for a two-day official visit.

Scheduled for Ashoj 19 and 20 (October 5–6), this high-level visit is considered highly significant for Nepal’s economic reforms and infrastructure development.

Key Agenda and Discussion Topics

During his visit to the United States, Finance Minister Wagle will hold detailed discussions with the World Bank and U.S. government officials on several crucial matters:

Post-Bhotekoshi Flood Reconstruction: A top priority is mobilizing additional aid for the reconstruction and resilient development of physical and economic infrastructure damaged by the recent catastrophic floods in the Bhotekoshi region.

Economic Reforms and FATF Grey List: Discussions will cover strategies to guide Nepal out of the Financial Action Task Force (FATF) Grey List, alongside various dimensions of broad economic reforms.

Bilateral Cooperation and Investment Promotion: The core objective is to increase investments from development partners and the private sector in critical infrastructure projects such as roads and transmission lines to generate employment and economic opportunities within the country.

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High-Level Meetings and Engagements

During the visit, Finance Minister Wagle is scheduled to hold high-level meetings with:

• Senior officials of the World Bank Group

• Representatives of the U.S. Department of the Treasury

• High-ranking officials of the International Development Finance Corporation (DFC)

• Leading private sector investors in the United States

This visit is expected to play a vital role in enhancing Nepal’s economic resilience, attracting foreign direct investment into large-scale infrastructure projects, and further strengthening relations with international development partners.

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