Nepal Investment Summit 2024 Hailed as 'Grand Success' by Finance Minister ➤

Nepal Investment Summit 2024 Hailed as ‘Grand Success’ by Finance Minister

Barshaman Pun Lauds Enthusiastic Participation of Development Partners, Cites Legal Reforms and Investment Potential in Key Sectors

Finance Minister Barshaman Pun has declared the recently concluded third Nepal Investment Summit-2024 a resounding success, citing the enthusiastic participation of development partners and the government’s efforts to create an investment-friendly environment.

During a sideline meeting with representatives from the World Bank, Asian Development Bank, International Monetary Fund, the United Nations Development Programme (UNDP), and ambassadors of various countries to Nepal, the Finance Minister expressed his appreciation for their presence and commitments, which contributed to the Summit’s grand success.

“The presence in the meeting is a testament to suggest that Nepal is one of the suitable and emerging destinations in the world for investment,” Pun stated, highlighting the country’s growing appeal as an investment hub.

Pledging to further strengthen cooperation with development partners, the Finance Minister emphasized that the Summit sent a powerful message to the world that Nepal is united in its efforts to build an atmosphere conducive to investment. He commended the remarks and commitments made by major opposition leaders, which helped establish Nepal’s ample investment opportunities.

Pun expressed gratitude to the development partners for their remarkable presence and commitments during the Summit, which played a crucial role in its success. He also expressed happiness over the strong attraction of development partners and investors towards the projects presented at the event.

Highlighting the government’s proactive measures, Pun mentioned the amendment of nine laws through an ordinance on the eve of the Summit, which has enhanced investor confidence in Nepal’s investment climate.

According to the Finance Minister, the process of Sovereign Credit Rating, a concern raised by development partners, has been initiated, further strengthening Nepal’s position as an investment destination.

Pun emphasized that Nepal offers abundant opportunities in key sectors such as energy, tourism, information technology, agriculture, and infrastructure. As Nepal progresses towards graduating to a middle-income developing country from the category of a least developed country, capacity enhancement remains a priority for the government.

Situated between the emerging economic powerhouses of China and India, Nepal’s strategic location presents a great opportunity for domestic and foreign investment, Pun noted. He also highlighted Nepal’s biological diversity and abundant natural resources as factors that make the country a suitable zone for investment.

The Finance Minister’s remarks underscored the government’s commitment to fostering a conducive investment environment and leveraging Nepal’s potential to attract foreign direct investment (FDI) and drive economic growth.