Kathmandu, February 15:

The World Bank (WB) and the International Finance Corporation (IFC), in collaboration with the ministry of industry, commerce and supplies (MoICS), held a roundtable in Kathmandu here today, states a press release issued by the WB.

As part of the investment climate mini-diagnostic project, which is aimed at assessing

constraints faced by investors in Nepal, the meeting discussed the findings of the mission

and recommendations with high level representatives from the government and the private sector.

Secretaries from the ministries of finance, labour, tourism, agriculture, industry and commerce took part in the discussion, where they discussed on labour regulations, taxation, trade facilitation, licensing, inspections and barriers as well as the role of economic zones and investment promotion. Regulatory bottlenecks in sectors such as cement, tourism and herbal products were also discussed.

In response to a request made by the MoICS, the World Bank Group had commissioned

this mission to do a rapid assessment of the investment climate in Nepal, further states the release.