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ADB appoints Khamudkhanov as new country director for Nepal




KATHMANDU — The Asian Development Bank (ADB) has appointed  Mukhtor Khamudkhanov as new Country Director for Nepal.

Mr. Khamudkhanov will lead ADB operations in Nepal and oversee the formulation and implementation of ADB’s Country Partnership Strategy, which aims to support the country’s long-term development needs through infrastructure, human capital and private sector development, and regional integration and social inclusion, the ADB Country Office here stated.

“ADB has an extended development partnership with Nepal,” said Mr. Khamudkhanov. “My priority is to build on that partnership, work closely with the government, and effectively coordinate our country office’s extensive support to the government’s development agenda and poverty reduction efforts.”

Mr. Khamudkhanov, an Uzbek national, joined ADB in 2001 and has since held numerous leading positions. Prior to this appointment, he served as Principal Energy Specialist in the Energy Division for South Asia at ADB headquarters in Manila, Philippines.

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Mr. Khamudkhanov was Senior Energy Specialist From 2007 to 2011, and prior to that he held a position of Senior Policy and Planning Specialist in the Strategy and Policy Department.

He has also served as Deputy Director and Chief Expert in the Division for Cooperation with International Financial and Economic Institutions in the Cabinet of Ministers of Uzbekistan.

He holds a Ph.D. in Technology (Electrical Engineering) from Tashkent State Technical University, Uzbekistan, and a Master’s degree in International Affairs (Economic Policy Management) from Columbia University, New York. He also holds a Master of Science degree in Financial Management from the University of London.

Mr. Khamudkhanov replaces the outgoing Country Director Kenichi Yokoyama, who served in Nepal from 2011 and is now Country Director at ADB’s India Resident Mission.

Nepal is a founding member of ADB, which, to date, has provided the country with $5 billion in public and private sector loans, technical assistance, and grants.

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ADB, based in Manila, is dedicated to reducing poverty in Asia and the Pacific through inclusive economic growth, environmentally sustainable growth, and regional integration.

Established in 1966, ADB is celebrating 50 years of development partnership in the region. It is owned by 67 members-48 from the region. In 2016, ADB assistance totaled $31.7 billion, including $14 billion in co-financing.

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China supports to reconstruct Tatopati border point





KATHMANDU — The Chinese government has agreed to extend the assistance to Nepal for the projects on post-disaster recovery for Tatopani border point, the hospital recovery in Sindhupalchowk and reconstruction of Jiri Secondary School.

An agreement to this was signed and exchanged at the Ministry of Finance today, said a press statement issued by the Ministry.

Chinese government has pledged to provide Rs 48 billion grants for it.

Finance Secretary Shankar Prasad Adhikari and Chinese Ambassador to Nepal Yu Hong signed the agreements on behalf of the government of Nepal and the Chinese government respectively.

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For the resumption of the Tatopati border point, the budget would be used for renovation of building and establishment of protection measures, so that trade clearance capabilities would be improved.

Similarly, under hospital recovery project, a middle sized hospital equipped with necessary facilities having 39 beds would be constructed in Sindhupalchowk.

School reconstruction is aimed at recovering and improving school facilities and functions.

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