Friday, February 1, 2019

Government tries to boost investor confidence

The government is trying to make visible legal, policy and institutional reforms to boost the confidence of investors before the Investment Summit planned on March 29 to 30.
Briefing the diplomatic community in the presence of Prime Minister KP Sharma Oli in Kathmandu today, foreign minister Pradeep Kumar Gyawali said that the government is focusing on translating its motto of ‘Prosperous Nepal and Happy Nepali’ into reality by reforming the economic policy.
As Nepal needs huge financial resources – both from domestic and foireign investors – in productive sectors to realise the goal of economic transformation by modernising agriculture, building infrastructure, tapping energy potential, promoting tourism, developing human resources and generating employment opportunities, the government is hosting Investment Summit in March-end, he said, briefing the representatives of from diplomatic missions in Kathmandu. "The government will make all possible efforts to ensure a predictable, secure and attractive investment climate in Nepal," he added.
He also vowed to promote and protect inclusion, participation, accountability and transparency to ensure equality, respect and dignity for all Nepalis.
"In promoting national interests, our external engagements have two clear goals: promoting Nepal’s credentials as an open and progressive democratic state at the international level and the pursuit of effective economic diplomacy to contribute to development imperatives at home,” he said, adding that the government will uphold its motto of ‘amity with all, and enmity with none’ and pursue its goals, keeping principles of the Panchasheel, non-alignment, UN Charter, international law, and norms of world peace at the centre. "The government aims at deepening cooperation with immediate neighbours – India and China – by focusing on economic partnership and building on existing cooperation with major powers, development partners, labour receiving countries and other friendly countries.
The minister also vowed to continue active engagements in regional and multilateral forums and make efforts to revive the stalled SAARC process.

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