Prime Minister KP Sharma Oli has called on SAARC region investors to confidently invest in Nepal as the country offered an investment-friendly environment.
Nepal and the World Bank signed an agreement today to scale up renewable energy options in selected regions of Nepal in partnership with private sector.
Special measures are needed in hydro and irrigation projects in Nepal to arrest rapidly declining fish stocks in the country’s rivers, according to a new study from the Asian Development Bank (ADB).
South Asia holds on to its top spot as the world’s fastest growing region, with growth set to step up to 7 percent in 2019, then 7.1 percent in 2020 and 2021, but the region needs to increase its exports to sustain its high growth and reach its full economic potential, says the World Bank in its twice-a-year regional economic update.
Nepal Policy Institute (NPI) has concluded its global consultation on development plan and long-term vision of Nepal Diaspora. The interaction program – organized by Nepal Policy Institute (NPI) in association with NRNA Thailand on Friday in Bangkok – saw some 32 experts from diverge areas of specialization.
Nepal’s economy is anticipated to grow at 6.2% in fiscal year (FY) 2019 and 6.3% in FY2020, says the latest Asian Development Bank (ADB) Nepal Macroeconomic Update. “The outlook is for a stable growth on the back of strong domestic demand, fueled by larger budget allocation to subnational governments and accelerated post-earthquake reconstruction,” said Mr. Mukhtor Khamudkhanov, ADB’s Country Director for Nepal.
Foreign delegates who participated in the Investment Summit opined that Nepal was an appropriate place for investment. While sharing their countries’ experiences, they stated that Nepal had now opened the door to invite the foreign investment to accelerate the pace of development.
The CEO of the Multilateral Investment Guarantee Agency (MIGA) and two World Bank Group Vice Presidents will join development banks, ambassadors, and hundreds of investors from more than 30 countries at the Nepal Investment Summit on March 29 and 30.
Investment Board of Nepal (IBN) on Friday approved foreign investment of Rs 10.54 billion for the Vehicle Manufacturing and Assembly Plant proposed by the South Korean company, Motrex Co Ltd.