US delegation to participate in Investment Summit

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Representational graphic. Image: Freepik/ sentavio

Kathmandu, April 3

The US Chamber of Commerce delegation will participate in the Investment Summit in Nepal on April 28 and April 29. US Ambassador to Nepal, Dean Thompson, apprised Minister of Finance Barshaman Pun of the participation in a meeting at the Ministry of Finance on Monday.

During the meeting, they discussed various issues of mutual interests including the timely completion of the projects being run in Nepal with the support of the US.

The American envoy pledged support from their side to make the Investment Summit a success according to Minister Pun’s Secretariat office. Informing that preparations were afoot to organise the summit successfully, Minister Pun shared that preparation for legal and procedural reforms was being made to create an investment-friendly environment in the country.

“As a favourable investment climate is being enabled in Nepal, we are anticipating the participation of more American investors,” Minister Pun said to US Ambassador Thompson. According to the Minister, works related to the Sovereign Credit Rating, a measurement of a government’s ability to repay its debts, had been taken forward to improve the investment environment in Nepal.

The government of Nepal has taken forward the process of rating Nepal’s credit rating through an international credit rating organisation named Fitch. Minister Pun shared that the Financial Action Taskforce has eliminated Nepal’s possibility of blacklisted. The bill related to Anti Money Laundering and Business Environment Promotion has also been endorsed in the Houses of Parliament.

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