Finance Minister Barshaman Pun has declared the third Nepal Investment Summit-2024 a resounding success.
Speaking at a sideline meeting attended by representatives from the World Bank, Asian Development Bank, International Monetary Fund, United Nations Development Programme (UNDP), and ambassadors from various countries, he emphasized the enthusiastic participation of development partners as a key factor in achieving this success.
The Minister’s address underscored Nepal’s emergence as a favorable global investment destination.
The active involvement of development partners during the Summit contributed significantly to its success. Their presence serves as evidence that Nepal is an attractive and emerging hub for investment.
The Minister acknowledged the role of political leaders, including major opposition figures, in establishing Nepal’s investment potential. Their remarks and commitments reinforced the country’s appeal to investors.
The recent amendment of nine laws through an ordinance, aimed at creating an investment-friendly environment, boosted investor confidence. Additionally, the initiation of Sovereign Credit Rating addressed concerns raised by development partners.
Nepal offers ample investment prospects across sectors such as energy, tourism, information technology, agriculture, and infrastructure. As the country progresses toward middle-income status, capacity enhancements remain a priority.
Situated between two emerging nations—Nepal and India—the country presents a unique opportunity for both domestic and foreign investment.
Nepal’s rich biological diversity and abundant natural resources make it an attractive investment zone.
The Finance Minister pledged further policy, legal, and procedural simplifications to encourage investment.
In conclusion, Minister Pun emphasized that social justice, good governance, and prosperity are top priorities for the CPN (Maoist Centre)-led government.
The upcoming fiscal year’s budget will reflect these commitments.
