© All rights reserved. NepalKhabar


US delegation to participate in Investment Summit


 |  Kathmandu

US Ambassador to Nepal Dean R. Thompson (L) paid a call on Finance Minister Barshaman Pun. (Photo: Finance Minister's Secretariat)

The US Chamber of Commerce delegation is going to participate in the Investment Summit to be held in Nepal on April 28-29.

US Ambassador to Nepal, Dean Thompson, apprised Finance Minister Barshaman Pun of the participation in a meeting at the Ministry of Finance on Monday.

During the meeting, they discussed various issues of mutual interests including the timely completion of the projects that are being run in Nepal with the support of the U.S.

The American envoy pledged support from their side to make the Investment Summit a success, according to Minister Pun's Secretariat.

Informing that preparations were afoot to organize the summit successfully, Minister Pun shared that preparation for legal and procedural reforms was being made to create an investment-friendly environment in the country.

"As a favorable investment climate is being enabled in Nepal, we are anticipating the participation of more American investors," Minister Pun said to US Ambassador Thompson.

According to the Minister, works related to the Sovereign Credit Rating, a measurement of a government's ability to repay its debts, had been taken forward to improve the investment environment in Nepal.

The government of Nepal has taken forward the process of rating Nepal's credit rating through an international credit rating organization named Fitch.

Similarly, Minister Pun shared that the possibility of Nepal being blacklisted by the Financial Action Taskforce has been eliminated as the bill related to Anti Money Laundering and Business Environment Promotion have been endorsed by both Houses of the parliament.

The Bill that amended provisions of 19 different laws related to money laundering, is currently in the process of authentication by the President. (RSS)


Related News

Deuba blasts why UML keeps silent on Bhandari’s death while in power

Nepali Congress President and former Prime Minister Sher Bahadur Deuba has questioned why the myste…

UML conclave concludes endorsing action plan on party reform

The meeting of the National Convention Representatives Council of the CPN (UML) has concluded endor…

Diplomatic efforts underway to rescue Bipin Joshi: PM Dahal

Prime Minister Pushpa Kamal Dahal ‘Prachanda’ has said that the government is making di…

JSP pulls out of Lumbini govt after being denied two ministries

Janata Samajbadi Party (JSP) has pulled out of the Lumbini Province government after being den…