Business

IFC vows to scale up investment in Nepal

Nepalkhabar

18:41PM Sep 10,2024 | Kathmandu

DPM and Minister for Finance Minister Bishnu Prasad Paudel (left) and IFC regional director for South Asia, Imad N Fakhoury.

The International Finance Corporation (IFC) is to expand its investment in Nepal.

During a meeting with Deputy Prime Minister and Minister for Finance Minister Bishnu Prasad Paudel at the Ministry today, IFC regional director for South Asia, Imad N Fakhoury, said the IFC is ready for an investment escalation in Nepal, according to the Minister's Private Secretariat.

The IFC had invested 100 million US dollars in Nepal. The IFC regional director said the promotion of green energy, job creation, and economic engagement are the priorities of the IFC and they are committed to investing more in Nepal.

As the Secretariat said, the Minister apprised the IFC representative that Nepal needs more investment to improve its economy, calling upon the IFC to consider scaling up investment in Nepal bearing this situation in mind.

IFC vows to scale up investment in Nepal

Nepalkhabar

Comments

Related News

Commuters question mere 2% fare cut despite massive drop in fuel prices

Finance Minister directs SEBON Chair to prioritize investor protection, market reform

Nepal forms Parliamentary Friendship Group with Azerbaijan

10,845 EVs worth Rs 25.55 billion imported in 11 months of current FY

Latest News

Constitution Amendment Taskforce to submit report to govt by mid-July

Round of 16 concludes with Colombia's 1-0 win over Ghana

127 people dead, 773 injured in natural disaster related incidents

Two Nepalis killed in car accident in India

Monsoon winds getting active; rainfall likely across country

FOR ADVERTISEMENTS

SOCIAL MEDIA

Our Team