WB report highlights private sector solutions

KATHMANDU: For Nepal, it is the right time to mobilise private sector solutions to close the infrastructure gap on the path to achieving the country’s growth aspirations, says the World Bank Group’s Nepal Infrastructure Sector Assessment report launched on Thursday on the sidelines of the Nepal Infrastructure Summit 2019.

The report assesses energy, transport and urban infrastructure sectors together with cross-cutting issues and recommends interventions that combine short-term and longer-term structural and policy changes with tailored project implementation approaches.

While public investment is integral, particularly in areas that require large investment, the report recommends creating a conducive environment for private sector participation.

The report provides a set of recommendations for each sector in areas of building institutional and regulatory environment, strengthening financial viability, increasing availability of long-term finance, developing an enabling environment for foreign investment, gender and social inclusion, among others, as per a media release.