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.
A meeting of high ranking officials of Nepal and India on Friday reached a decision to form a joint technical team and launch a study on operating waterway service through various four routes.
Nepal and India need to work together to further their efforts towards a meaningful partnership to ensure mutually beneficial outcomes, according to foreign minister.
Minister for Forest and Environment, Shakti Bahadur Basnet, has said the Ministry was making efforts to link the forest resources to national prosperity.
In its attempt to lure more Chinese investors and enterprises in Nepal as well as to prod the Chinese investing firms for their participation in the upcoming Nepal Investment Summit scheduled next month, the Embassy of Nepal in Beijing organised a pre-summit conference on Nepal Investment Summit on Monday.
More than 250 engineers and energy-sector professionals represented their countries at the first regional conference of the Women in Power Sector Network in South Asia (WePOWER)--a forum to promote and diversify female practitioners’ opportunities in the power and energy sector. They included representatives from 60 participating institutions from local and international power utilities, energy sector organizations, and multilateral agencies.
National Planning Commission (NPC) today launched 'Towards Zero Hunger in Nepal: A Strategic Review of Food Security and Nutrition', making a strong case for increased attention and investment in food security and nutrition.