September 23, 2021, Thursday
Nepal 1:37:26 pm

IBN aims at $10 billion investment in five year

The Nepal Weekly
September 14, 2021

The Investment Board Nepal (IBN) has set the target of making an investments worth 10 billion US Dollars in the next five years. The board has also set the goal of managing private-public partnership projects worth 6 billion USD during the same period, according to a press release issued by the IBN.

The Board made public its Strategic Plan including these goals on the occasion of its 10th anniversary on September 8. Prime Minister Sher Bahadur Deuba, who is also the Chairperson of IBN, released the strategic plan amidst a function.

“It is seen that there will be a shortfall of a total annual average of Rs 558 billion to achieve the sustainable development goals. It is not easy for us to attract that much investment when various countries themselves are effortful in bringing investment in the present adverse situation created by COVID-19,” remarked the Prime Minister and added “but we are hopeful.”

The strategic plan of the IBN aims to help create at least one lakh new jobs as well as to contribute towards creating a conducive environment for impactful investment. The board has also outlined five important main goals for developing IBN into an excellent center for private-public partnership.