The Banker, a UK-based magazine, awarded Mahat the title of “The Banker’s Global and Asia-Pacific Finance Minister of the Year” for his exemplary work in the aftermath of the two disastrous earthquakes that hit Nepal in 2015 and in pushing for reforms to improve governance in the country’s ministry of finance, states The Banker Magazine.
The Banker Magazine further writes, “Mahat was the first Nepalis government official to interact with the international community after the earthquakes. He took a last-minute trip to the Asian Development Bank (ADB) annual meeting in Baku, Azerbaijan, to raise awareness among his peers and the press.”
The trip to the ADB helped set up the International Conference on Nepal’s Reconstruction on June 25, where attendees – including finance ministers, the ADB, the World Bank and the EU – pledged $4.1bn.
In the immediate aftermath of the earthquakes, Nepal collected $150m-equivalent in cash for emergency relief, $100m of which came from the government’s own coffers.
More than 25,000 earthquake victims got free medical treatment and some 7500 of the injured were airlifted from remote and inaccessible hills and mountains across the country.
“I am proud to say that not a single death occurred for lack of medical support. Everyone got medical treatment. Nobody died of starvation; food was sent everywhere. We successfully managed and organised such an operation after this devastating calamity,” The Magazine quoted as Mahat saying.