Foreign and domestic investors pledged investment commitment (at this stage its "letter of intent" [LOI]) totaling NRs1,445.5 billion (around $13.5 billion) at the Nepal Investment Summit held on March 2-3 in Kathmandu. The investors showed interest in hydropower, hotels, metro rail, airlines, tunnels, tourism, energy, agriculture, infrastructure, mines and financial sector.
- China: $8.3 billion (airport, highway, tunnel, water supply, hydropower, railways, road, smart grid)
- Bangladesh: $2.4 billion (food and construction)
- Japan: $1 billion (hydropower)
- UK: $1 billion (energy, agriculture, infrastructure)
- Sri Lanka: $500 million (hydropower, solar, wind)
- India: $317 million (investment bank, solar, steel plant, tourism, industrial and biomedical, )
- Nepal: $11.5 million (pulp and paper, construction, manufacturing, agriculture)
The big question is: What is the government going to do (or what different is it going to do) to translate these commitments into actual investment? The government doesn’t have a plan yet. But, they are going to start working on it immediately by setting up sectoral committees to follow up on the pledged investment.
The World Bank is providing $100 million Development Policy
Credit (the third in a series of program loans) to enhance financial sector development; restructure and
consolidate the financial system; strengthen the legal and regulatory framework
for crisis management, banking and insurance supervision and payment systems;
and enhance the governance and transparency of the banking sector.
Here is a the latest Financial Sector Development Strategy (FY2017 - FY2021) approved by the government.
Here is a the latest Financial Sector Development Strategy (FY2017 - FY2021) approved by the government.
