Nepal's Quest For Foreign Investment
risingnepaldaily.com · Fri Nov 08 02:30:35 UTC 2024

Nepal is on the path to graduating from the category of least developed countries (LDCs). Similarly, by 2043, Nepal is expected to achieve the status of a prosperous country with a per capita income of $12,100. Achieving the Sustainable Development Goals (SDGs) is a challenging task for Nepal. A government report suggests that Nepal needs to invest around 19 billion US dollars (Nrs. 2025 billion) per year to achieve the United Nations' Sustainable Development Goals by 2030. The government's financial strain in this scenario highlights the critical importance of foreign direct investment. Nepal's pursuit of foreign investment has evolved significantly over time. The country has implemented various policies, institutional reforms, and activities to attract investment. However, the investment gap remains substantial in certain years.
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