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Investment Board sets goal of 10 billion USD in five years


Nepalnews
2021 Sep 08, 17:52, Kathmandu
This image shows the office of Inestment Board Nepal at Birendra International Convention Center (BICC) in February 2020. Photo courtesy: Ameya Nigam

The Investment Board Nepal (IBN) has set the target of approving investments worth 10 billion US Dollars in the next five years. It will manage private-public partnership projects worth 6 billion USD in the same period.

The Board made its Strategic Plan public including these goals on the occasion of its 10th anniversary today.

Prime Minister Sher Bahadur Deuba, who is also the Chairperson of IBN, released the strategic plan.

"It is seen that there will be a shortfall of 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. But we are hopeful," the PM said.

The strategic plan aims to help create at least One hundred thousand jobs as well as to contribute towards creating environment for the promotion of impactful investment.

It has also spelled out five important main goals for developing IBN into an excellent centre for private-public partnership.

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Investment Board Nepal investments Projects Sher Bahadur Deuba Prime Minister
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