Nepal invests launched to accelerate investment in Nepal

KATHMANDU: CDC Group, the UK’s development finance institution, FMO, the Dutch development bank and Swiss Agency for Development and Cooperation SDC have launched Nepal Invests, a platform that will drive increased investment into the country.

This group comprising of Development Finance Institutions (DFIs) and a Development Partner, will complement existing efforts to attract more investments and advance the development of the country, by channelling efforts to unlock the possibilities of investing patient, flexible capital to support private sector growth and innovation – helping to solve the biggest development challenges in Nepal.

On the occassion Srini Nagarajan, Managing Director and Head of Asia, CDC Group said that the main aim of the collaboration between DFIs and Development Partners is to attract foreign capital into the country. He said, ‘ DFIs and Development Partners in Nepal that aims to attract foreign capital into the country. The role of DFIs has been important in Nepal and will remain important after COVID-19, to support green growth and economic transformation. We hope to play an even stronger role in the future. I am hopeful this initiative will help us deepen our contextual understanding, forge partnerships and enable us to do more.’

Likewise Andrew Shaw, Manager Capacity Development, FMO said, ‘FMO has played a pioneering role for development finance in Nepal. With our support to Nepal Invests, we hope to accelerate investment in the country and to support foreign investors to increasingly focus on Nepal.’

In addition to this, Ambassador of Switzerland to Nepal, H.E. Elisabeth von Capeller said, ‘ Attracting and mobilising private investments will be key in achieving the economic transformation agenda that Nepal has set for itself and the Swiss Agency for Development and Cooperation SDC is delighted to partner with CDC Group and FMO to support the Nepal Invests platform which will contribute to preparing the Nepali market for greater investments.’