26 July 2024, Kathmandu

Investment Board Nepal CEO, Sushil Bhatta, submits the FY 2080/81 Performance Contract Report to Prime Minister KP Sharma Oli, emphasizing the need to enhance PPP in infrastructure development.

IBN CEO Submits FY 2080

Prime Minister KP Sharma Oli has stressed the necessity of enhancing Nepal’s investment climate to attract greater domestic and foreign investment.

During a meeting today with Sushil Bhatta, Chief Executive Officer of the Investment Board of Nepal (IBN), Prime Minister Oli, who also chairs the IBN, underscored the critical need for a more favorable environment for investment.

“The investment environment in the country needs continuous improvement to attract more domestic and foreign private investments. The institutional capacity of the Board should also be strengthened to develop it as a center of excellence for public-private partnerships,” Prime Minister Oli stated.

In the meeting, CEO Bhatta presented the performance report for the fiscal year 2023–24, highlighting the progress made in project development, investment promotion, and institutional strengthening.

Bhatta also discussed the challenges encountered during project implementation, detailing the board’s efforts to address these issues and the lessons learned. He outlined the future outlook for continued improvement and growth in the investment sector.

The discussion focused on bolstering the Investment Board’s capabilities and creating an environment conducive to attracting substantial private investments, both domestically and internationally.

For more: IBN CEO Submits FY 2080