Exploring Investment Sources and Opportunities at International Conference on Financing for Nepal, 2023
Key Highlights :
The International Conference on Financing for Nepal, 2023 was held in Kathmandu today, with the aim to explore investment sources and opportunities for the country's overall economic development. The conference was inaugurated by Prime Minister Pushpa Kamal Dahal 'Prachanda' and was organised by Office of the Investment Board Nepal (IBN) in collaboration with Standard Chartered Bank and the Society of Economic Journalists of Nepal (SEJON).
The Prime Minister and Chairman of IBN Dahal highlighted the importance of the event in showcasing the latest financial tools and measures necessary for economic and social development. He also emphasised the government's commitment to implementing institutional and procedural reforms to support these efforts.
Finance Minister Prakash Sharan Mahat stressed the need for new financing methods and tools to mobilise resources beyond just investment. He also mentioned that such resources should not be limited to simply 'repackaging' existing resources within current structures and arrangements, but should also include the availability of additional resources.
The conference was attended by representatives from various sectors, including policymakers, the private sector, development partners, banks, financial institutions, media, and other stakeholders. Chief Executive Officer of IBN Sushil Bhatta expressed his opinion that a mix of resources obtained from various financial sources would enhance the financial potential of projects and investors would also be able to obtain attractive returns.
Similarly, Professor Achyut Wagle emphasised the need to explore and utilise new financing tools for Nepal to achieve its ambitious development goals, as public finance has its own limitations. Nepal Rastra Bank Governor Maha Prasad Adhikari, in his concluding remarks, expressed his belief that the conference would prove to be valuable in shaping Nepal's finance and monetary policies.
At the conference, several technical sessions were held, including discussions on the macroeconomics of investment, legal and institutional frameworks related to investment implementation, the tools and scope of financing in Nepal, and resource mobilisation and prevention of disruptions.
The International Conference on Financing for Nepal, 2023 was a great platform to bring together the right people to discuss and find solutions for the country's economic development. The event highlighted the importance of exploring and utilising new financing tools and resources, and the need for institutional and procedural reforms to support these efforts. It also provided a valuable opportunity for stakeholders to gain insights and knowledge about the latest financial tools and measures. With the insights and knowledge gained from the conference, Nepal could be one step closer to achieving its ambitious development goals.
