Wednesday, September 11, 2024

IFC willing to expand investment in Nepal

 Kathmandu, Sept. 10

The International Finance Corporation (IFC) is going to expand its investment in Nepal.

In a meeting with Deputy Prime Minister and Minister for Finance Bishnu Prasad Paudel on Tuesday at the Ministry of Finance (MoF), South Asia Regional Director of IFC Imad Fakhoury expressed the intention of IFC to expand investment in Nepal.

IFC invested US$ 100 million in Nepal last year, the MoF informed in a statement.

Mentioning that green energy, job creation and economic participation are the priorities of IFC, Fakhoury said that he and his team would play an important role in expanding investment in Nepal.

On that occasion, DPM Paudel said that more investment is necessary for the improvement of Nepal's economy and requested to expand investment in the areas of Nepal's priority and need.

Published in The Rising Nepal daily on 11 September 2024.        


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