Finance Minister Dr Mahat claims an increased interest of foreign investors in Nepal

By Republica
Published: February 08, 2024 04:30 PM

KATHMANDU, Feb 8: Finance Minister Dr. Prakash Saran Mahat has stated that there is a growing willingness among foreign investors to invest in Nepal. He shared these observations during the third meeting of the Board of Directors for the Third Investment Conference 2081 BS, which took place at Singha Durbar on Thursday.

Minister Mahat highlighted that, unlike in the past when foreign investors were indifferent even during their visits to Nepal, they are now actively seeking investment opportunities in the country. He emphasized the importance of leveraging this growing interest from foreign investors and urged stakeholders to ensure the success of the upcoming investment conference scheduled for April 28-29.

Minister Dr. Mahat also revealed that the World Bank is prepared to organize a conference in Nepal featuring the World Bank's subsidized lending institutions, with an official announcement expected within a few days.

He stated that this conference is set to be the largest international conference ever held in Nepal, with representatives from 92 countries and the head of the World Bank in attendance. He advocated for easing taxes and conditions initially to facilitate investments and emphasized that the conference should also serve to encourage Nepali investors.

 

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