Sponsored by the World Bank - first of its kind in South Asia - the event will see participation of more than 40 experts including leading authorities and practitioners from Nepal, Afghanistan, Bangladesh, Bhutan, India, Pakistan, China, Laos and Turkey, a World Bank (WB) statement said.[break]
In her opening statement, Tahseen Sayed, WB country manager for Nepal, said: “Infrastructure is essential for economic growth and poverty reduction. However, the supply and demand gap is most noticeable in Asia.”
Citing an example, she said, meeting the infrastructure demands in Asia between 2010 and 2020 will require investments estimated at US$8.3 trillion.
However, infrastructure investments in all developing countries including those in Asia amount to only $45-$55 billion a year, she said.
Referring to Nepal, she said infrastructure development and improving access to infrastructure services have been prioritized in the World Bank Group´s Interim Strategy Note for the country.
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