Meeting with Finance Minister by representatives of 14 international financial institutions

A team consisting of representatives of 14 different international financial institutions in conjunction with Daniel Meul, Ambassador of Switzerland to Nepal, met Minister Pun on Wednesday at the Ministry of Finance.

During that time, the members of the delegation promised to bring more investment saying that they are willing to expand the area of ​​investment in Nepal. They said that so far they have been cooperating only with commercial banks, but in the future they want to invest through development banks and microfinance as well. The organization has so far invested 600 million dollars through banks in Nepal for energy, agriculture, women's entrepreneurship and backward areas. In the

meeting, Minister Pun said that the government has a policy to attract foreign investment. He said that the government has created an investment-friendly environment for the private sector inside and outside the country. The delegation included the International Monetary Fund (IFC), Asian Development Bank (ADB), US International Development Finance Corporation (DFC), British International Investments owned by the British government, BIO Investing of Belgium as well as representatives of state-owned companies from Germany, France, Netherlands, Switzerland, Sweden. was involved.

The institution that came to Nepal in 2007 increased credit investment after the third revision of the foreign investment and foreign debt management regulations by Nepal Rastra Bank in 2007. So far in the current financial year, the organization has invested about 150 million US dollars in Nepal. The organization has also organized a separate session at the 3rd International Investment Conference to be held in Kathmandu on 16 and 17 Baisakh.

Earlier, the same delegation met with Madhukumar Marasini, Secretary of the Ministry of Finance. During that time, Secretary Marasini said that the government is committed to creating an investment-friendly environment and through an ordinance only a few days ago. He said that he has decided to amend 9 different laws that are considered unfavorable to investment. Nepal will become a Least Developed Country (LDC) by 2026. He mentioned that the government has adopted a policy of emphasizing on foreign investment as it is in the campaign to upgrade to a developing country and fulfill the objectives of the Sustainable Development Goals (SDG) by the year 2030.