Saturday, October 3rd, 2026

Nepal introduces sovereign wealth fund, eases foreign investment exit rules



KATHMANDU: Finance Minister Dr. Swarnim Wagle announced wide-ranging financial and regulatory reforms aimed at strengthening capital mobilization and attracting foreign investment while presenting the federal budget for Fiscal Year 2026/27 before a joint sitting of the Federal Parliament on Friday.

A key highlight of the budget is a new policy to channel a portion of Nepal’s foreign exchange reserves into a proposed Sovereign Wealth Fund. The government said this initiative will be supported by the country’s strong reserve position, which currently stands at a record level of around Rs 3.494 trillion.

To further improve the investment climate, the budget also introduces measures to simplify exit procedures for foreign investors.

Under the new framework, foreign investors will no longer need prior approval from Nepal Rastra Bank to repatriate profits or return capital from Nepal.

Publish Date : 29 May 2026 17:23 PM

Congress arranges accommodation for 10,000 delegates, well-wishers

KATHMANDU: Hotels in various parts of Kathmandu have been booked

Energy Minister inspects Kulekhani Dam following heavy rains

KATHMANDU: Minister for Energy, Water Resources and Irrigation Birajbhakta Shrestha

Speaker Aryal pledges legislation to protect Newar cultural heritage

LALITPUR: Speaker of the House of Representatives (HoR) Dol Prasad

Nepali Congress to accept candidacy nominations for General Convention on Monday

KATHMANDU: The registration of nomination papers for the election of

131 Japanese Encephalitis cases confirmed so far in Nepal

KATHMANDU: Japanese encephalitis (JE) has been confirmed in 131 people