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FinMin Pun holds sideline meeting with DFC CEO Nathan, appeals for investment


 |  Kathmandu

Finance Minister Barshaman Pun has held a meeting with the US International Development Finance Corporation (DFC) Chief Executive Officer (CEO) Scott Nathan.

Minister Pun, who is in Washington DC to participate in the joint session of the World Bank and the International Monetary Fund (IMF), held a sideline meeting with Nathan.

The DFC is the institute that invests to fight challenges faced by developing countries in partnership with private sectors of various countries.

The DFC has been investing in energy, health, infrastructures and technology.

While recalling the agreement relating to the investment guarantees reached between Nepal and America in 1960, Minister Pun stated that the Nepal government is committed to creating environment conductive for foreign investment during the meeting.

The DFC has invested around UD$ 270 million including loan and equity in partnership with the private sectors of Nepal.

Minister Pun urged Nathan that Nepali is making all efforts it can in order to graduate to a developing country from the least developed country by 2026.

The Nepal government has adopted a policy to develop and enrich the country in partnership with the private sectors and added that all the necessary laws, policies have been amended, accordingly.  

Meanwhile, Minister Pun appealed to the private sectors of America to invest in energy sector stating that it is the most potential sector for investment. Hydropower, tourism, agriculture, and Information Technology are other the potential sectors for investment in Nepal, Pun added.

He ensured a stable energy market in Nepal mentioning that the Himalayan nation has signed power agreement with India (to sell 10,000 megawatts of electricity) and Bangladesh.

As many as 130 projects will be showcased in the Nepal Investment Summit to be held on April 28-29.



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