Friday, October 25, 2013

EU team to visit Nepal to study investment possibilities

A high-level European Union (EU) team is visiting Nepal to identify potential sectors for investment in Nepal.
During a meeting with the finance minister Shankar Prasad Koirala, here today, ambassador of EU to Nepal Rensje Teerink informed the minister of the proposed visit and asked the government to finalise the EU-funded projects – that are in pipeline – at the earliest.
The EU would focus its support on good governance and development in Nepal, she said, adding that EU will increase its investment in Nepal through European Investment Bank (EIB). "
The minister on the occasion, hailed EU for its support and especially for doubling its assistance to Nepal. Koirala also asked Teerink to increase support in the sectors that are highly prioritised by the government.
The minister also informed the visitors that the country has been moving towards a positive direction due to timely budget and focusing on Constituent Assembly (CA) election that is expected to pave the way for formation of a stable government.
Though the country is suffering for a huge trade deficit, the government has projected a 5.5 per cent growth for the current fiscal year, he added.

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