KATHMANDU, APRIL 29

Former Prime Minister and Chairperson of CPN (UML) KP Sharma Oli stated that Nepal's immediate goal is to lay a strong foundation for high, sustainable growth, utilizing its youth demographic, creating employment, and eradicating poverty.

He emphasized the need for robust support from development partners and private investors to achieve this objective.

Oli expressed that with the transition to a federal system, Nepal is now poised to embark on a path of rapid economic development, aiming for prosperity within a short timeframe. He highlighted the government's clear vision, commitment, and action plan to graduate from LDC status by 2030, achieve sustainable development goals, and become a middle-income country.

At the Nepal Investment Summit 2024, Oli urged foreign investors to seize opportunities, invest in finance and technology, tap into global markets for exports, and facilitate technology transfer to local entrepreneurs. He emphasized that such summits strengthen national unity and development goals, signaling a favorable environment for investors.

Asserting the CPN-UML's support for creating an investor-friendly atmosphere, Oli expressed confidence in the summit's success in projecting Nepal as an attractive investment destination.