Saturday, August 3, 2024

PM Oli urges for more Swiss FDI

 Kathmandu, July 31

Prime Minister KP Sharma Oli has requested the Swiss government to help Nepal by bringing in more foreign direct investors for its economic development and prosperity.

Foreign aid will be a catalyst for the development of Nepal, he said to the Ambassador of Switzerland to Nepal, Dr. Danielle Meuwly, who called on PM Oli at the Prime Minister's residence in Baluwatar on Wednesday.

PM Oli mentioned that Switzerland had excelled in developing an inclusive democratic structure and said that the government of Nepal was trying to strengthen democracy and make the state structure accountable to the people at the grassroots level, according to the personal secretariat of the PM.

He expressed the government's commitment to take necessary corrective measures to increase Foreign Direct Investment (FDI) and noted the enthusiastic participation of 50 countries in the recently concluded Nepal Investment Summit.

As Nepal aims to be upgraded from an underdeveloped country by 2026 and to become a middle-income country by 2030, PM Oli said that the country expected increased cooperation from development partners.

He thanked the government of Switzerland for its continuous support in the development of Nepal, support in the prevention of COVID-19 and cooperation and harmony in the peace process. He also recalled President Ramchandra Paudel's visit to Switzerland in early July and his participation in the World Economic Forum held in Davos in 2019 when he was Prime Minister, and said that such high-level visits and exchanges would add a new dimension to mutual relations.

Ambassador Dr. Meuwly congratulated and wished Prime Minister Oli for the success of his tenure and assured him of continuing bilateral mutual benefit and cooperation. 

Published in The Rising Nepal daily on 1 August 2024.        


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