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March 20:
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Issuing a joint statement on Friday, they said that the newly launched platform will support foreign direct investments into Nepal.
“This group comprising of Development Finance Institutions (DFIs) and a Development Partner,will complement existing efforts to attract more investments and advance the development of the country, by channelling efforts to unlock the possibilities of investing patient, flexible capital to support private sector growth and innovation – helping to solve the biggest development challenges in Nepal,” read the statement.
According to the statement, Nepal Invests will also support the economic recovery from COVID-19 by partnering to address business environment challenges, exploring innovative ways to finance SMEs and increasing the skills and capacity of local investment professionals.
“These measures are designed to better prepare Nepal’s market for increased investment from development finance institutions, frontier players, and intermediate vehicles in order to support the medium-term economic recovery,” the statement added.
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