Kathmandu, July 22: Minister
for Commerce Jayant Chand has expressed the need of strengthening
multilateralism in the socio-economic spheres and representation of the
developing countries, particularly the Least Developed Countries (LDCs), in the
global economic governance and multilateral trading system.
Addressing the plenary
of United Nations Conference on Trade and Development (UNCTAD) XIV on Wednesday
in Nairobi, Kenya, Minister Chand reiterated the need of enhanced level of
foreign investments in the infrastructure development, sustainable energy
production and industrialization in LDCs as they have several untapped
development potential and demographic dividend at their disposal.
According to a press
statement issued by the Permanent Mission of Nepal in Geneva, he emphasized
that the Official Development (ODA) should be channeled to developing countries
and demanded that it should reach the level of commitment from all identified
sources and be properly aligned to the development needs of the receiving
nations.
Minister Chand showed
concerns over widening income gaps between rich and poor countries and its consequences
in various parts of the world.
"There should be
predictable and reliable system for flow of finance, investment, technology and
knowhow to bridge the inequality gap, raising the productive capacity and
achieving structural transformation of the poorer economies," he was
quoted in the press statement.
He appreciated the
contribution of UNCTAD and its role in integrating trade and development and
inter-related issues, including the areas of finance, technology transfer,
transit and trade issues, international value chains and investment regimes.
Recalling the landmark
agreements such as Sendai Framework for Disaster Risk Reduction, Addis Ababa
Action Agenda, Sustainable Development Goals and the COP 21 Paris Agreement, Chand
expressed his hope that the 14th UN Conference on Trade and
Development would be able to contribute in developing global inclusive policy
and strategy in line with the theme of the conference ‘from decisions to
actions’.
guage:
EN-GB;mso-bidi-font-weight:bold'>"A lot of small and medium size
enterprises (SMEs) do not have the resources to grow. A business accelerator
can add a lot of value to these companies by providing them the necessary tools
to analyse their overall growth strategy," said Ajay Shrestha, programme
director at Enterprise.
In order to be eligible to apply for this
programme, companies need to have been in operations for at least two years, be
seeking investment, and have a team of passionate founders who want to take
their companies to greater heights, said Enterprise.
The 12 weeks long business accelerator
programme has been initiated by Nepalese Young Entrepreneurs' Forum (NYEF) in
partnership with Centre for Creation of Economic Wealth at the University of
Oklahoma and is managed and funded by True North Associates, an investment,
consulting and management firm in Nepal.
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