IFC to invest 1 billion dollars in Nepal

KATHMANDU: The International Finance Corporation (IFC) is planning to invest one billion dollars in the next four years in Nepal.

Hans Peter Lankes, Vice President, Economics and Private Sector Development, of IFC said at the ongoing Nepal Investment Summit 2019, ‘We call this strategy of creating market that enable to investment take place’.

IFC is an international financial institution that offers investment, advisory, and asset-management services to encourage private-sector development in developing countries.

.@IFC_org is aiming to invest $1 billion over the next 4 years as gov’t reforms proceed and become a reality on the ground — VP Hans Peter Lankes at #Nepal Investment Summit. #InvestInNepal pic.twitter.com/OZjTyE4zGm

— WorldBankSouthAsia (@WorldBankSAsia) March 30, 2019