The government has invested 11 billion 520 million rupees in foreign financial institutions.
According to the Office of the Public Debt Management under the Ministry of Finance, the government has procured shares from multinational and regional financial institutions since their establishment.
The government has invested 11 billion and 520 million rupees in World Bank, International Monitory Fund, Asian Development Fund, and Asian Infrastructure Investment Bank, SAARC Development Fund and International Reconstruction and Development Bank as of mid-July 2024.
However, there is no clear legal basis or established investment principles governing the share and loan investments.
The government has issued the Investment Policy 2081 to regulate such kinds of investments put aside from the annual budget.
Under the policy, the government may invest in multinational companies through public-private partnerships (PPP), as well as in entities established to fulfill professional obligations under bilateral or regional agreements. It may also invest in intergovernmental multinational organizations where Nepal is a member state.
Earlier, the shares held earlier under the various ministries, departments and offices now have been consolidated under the Ministry of Finance.
Mukunda Prasad Pokharel, the undersecretary at the Public Debt Management Office, these policies are at the implementation stage, currently.
"The policies were introduced. The regulatory procedures are required for the implementation. Hence, these policies are currently at the implementation stage," said Pokharel, "The government will invest in foreign banks and government corporations in accordance with these policies."
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