Nepal | July 09, 2020

‘External finance crucial to achieve SDGs’

Himalayan News Service
Share Now:

Kathmandu, April 20

Minister for Finance Yubaraj Khatiwada today said that external finance in different sectors of Nepal is must to fund different initiatives that the country has adopted to meet the Sustainable Development Goals (SDGs) and help Nepal graduate to a developing nation by 2022.

Addressing the one-day ‘Blended Finance Conference 2018’, which was organised by the Investment Board Nepal (IBN) today, Minister Khatiwada said, “We would like to crowd in private investment in all sectors to achieve development targets and overall economic growth of the country.”

IBN had organised the conference with an objective to channelise private sector investment into national priority projects for Nepal and overall development process through blended finance approach.

Minister Khatiwada also informed that the government will facilitate all private sector investment in the country and work together for the country’s holistic development.

Among others, Khatiwada highly recommended investments in the infrastructure sector of Nepal.

On the occasion, Govinda Nepal, former member of National Panning Commission (NPC), stressed on the need to carry out effective follow-up on the commitments made by foreign investors and formulation of effective investor-friendly policies to fulfil the demand-supply gap of financial resources and overall investment.

Similarly, Renaud Meyer, country director of United Nations Development Programme (UNDP) to Nepal, stressed on the need to consider blended finance as an integrated finance approach and long-term investment to finance in Nepal.


A version of this article appears in print on April 21, 2018 of The Himalayan Times.


Follow The Himalayan Times on Twitter and Facebook

Recommended Stories:

More from The Himalayan Times:

Making sure our four-legged friends are fed

KATHMANDU The lockdown came into effect in Nepal on March 24 to curb the spread of coronavirus confining people to their homes while schools, offices and businesses shut down. Nobody knew how the situation would unfold and for how long the lockdown would continue. At that moment Founder of Dis Read More...

China, coronavirus

Serious brain disorders in patients with mild Covid-19 symptoms, warn UK neurologists

KATHMANDU: UK neurologists have warned that serious and potentially deadly brain disorder might be triggered among patients with mild Covid-19 symptoms or recovering patients. Publishing the paper in the journal Brain on Wednesday, neurologists said that there was a rise in a life-threatening con Read More...

Rain-triggered flood cuts road section, inundates half-dozen houses in Saptari

RAJBIRAJ: Half a dozen houses have been inundated as rain-triggered flood gushed into a human settlement in Tilathi Koiladi Rural Municipality-3 of Saptari district. The flood has also destroyed paddy planted in approximately 100 bigaha of fields, it has been reported. Two thatched-roof ho Read More...

Trump administration informs United Nations of US withdrawal from WHO

KATHMANDU: Trump administration that has been critical of the World Health Organisation (WHO) over its handling of coronavirus pandemic has formally withdrawn the United States from the UN health body, on Tuesday. The United Nations confirmed that the US would leave WHO on July 6, 2021, following Read More...

China, US trade tit-for-tat visa curbs over Tibet

BEIJING/WASHINGTON:  China said on Wednesday it will impose visa restrictions on US citizens who have engaged in what it called "egregious" behaviour over Tibet, in apparent retaliation against US restrictions on Chinese officials. US Secretary of State Mike Pompeo said on Tuesday the United Sta Read More...

Serbian police say 23 held, 60 hurt in clashes

BELGRADE: Serbian police say 23 people have been detained and scores of police officers and demonstrators injured in clashes that erupted over announced return of lockdown measures against the new coronavirus. Police director Vladimir Rebic told the state RTS television that police are working to Read More...

Worldwide coronavirus cases cross 11.89 million, death toll over 543,500

At least 11,891,395 people have been reported to be infected by the novel coronavirus globally and 543,539 have died, a Reuters tally showed. Infections have been reported in more than 210 countries and territories since the first cases were identified in China in December 2019. The Worl Read More...

West Indies must try to win inside four days: Lara

LONDON: Batting great Brian Lara has said West Indies' best chance of victory against England is to race out to an early lead and secure the win inside five days. All-rounder Jason Holder is part of the tourists' impressive bowling attack but questions remain about their batting ahead of the Read More...