sustainable development

Business | Finance | Economy

PM Prachanda Advocates Innovation and Investment at Nepal-EU Business Forum

May 15, 2024

Prime Minister Pushpa Kamal Dahal ‘Prachanda’ addressed the Nepal-EU Business Forum on the momentous occasion of the 50th anniversary of Nepal-EU diplomatic relations, emphasizing the government’s commitment to fostering innovation, entrepreneurship, and facilitating investment processes. Speaking at the inauguration of the forum in Kathmandu, Prime Minister Dahal reiterated the government’s dedication to promoting a culture […]

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Korea to Invest $9.8 Million in Green Jobs Creation in Pokhara

May 15, 2024

In a significant move towards sustainable development, the Korean government has pledged a generous assistance of $9.8 million for the creation of green jobs in Pokhara, Nepal. The Memorandum of Understanding (MoU) for the project titled ‘Green Job Creation through Recycling and Up-cycling Project’ was signed by Ambassador Taeyoung Park and Finance Secretary Madhu Kumar […]

Business | Finance | Economy

Nepal Attracts Foreign Investment, China & India Offer Incentives

April 29, 2024

Nepal’s capital Kathmandu recently hosted the third Nepal Investment Summit, attracting over 1,100 foreign participants, predominantly from neighboring giants China and India. The summit aimed to showcase Nepal as an emerging destination for private sector investment and highlight recent reforms to enhance the investment climate. In a significant move, China announced the exemption of visa […]

Business | Finance | Economy

World Bank to Lead Funding for 1,063 MW Upper Arun Hydropower Project in Nepal

April 20, 2024

In a significant development, the World Bank has agreed “in principle” to spearhead the financing efforts for the ambitious 1,063 MW Upper Arun hydropower project in Sankhuwasabha, Nepal, announced the Finance Ministry on Friday. The Upper Arun project, situated along the Arun River in eastern Nepal, is projected to require an investment of $1.71 billion. […]