By Karuna Thapa
Kathmandu, March 23
The Board of Investment and the United Nations Development Program (UNDP) have signed a memorandum of understanding to collaborate in areas of mutual interest. According to the Board, there is an agreement to collaborate on institutional capacity building, public-private partnerships, and private investment promotion.
Sushil Bhatt, Chief Executive Officer of the Board, on behalf of the Investment Board, and Isani Medagangoda Labe, on behalf of the UNDP, have signed the MoU.
According to the MoU, long-term development goals would be met by reducing Nepal’s budget deficit and boosting investment in the country through public-private partnerships, private sector investment, and mixed financing.
The criteria for social and environmental impact assessment in project development, project development agreements, study and research in the creation of project investment
agreements, and support for such activity are also highlighted.
