On 15th February 2024, Honorable Minister for Finance Dr. Prakash Sharan Mahat addressed a virtual consultative meeting focusing on the Nepal Investment Summit scheduled for 28-29 April 2024. The Minister highlighted the Government’s legislative and procedural reform efforts in preparation for the Summit and called on the US Government and private sector for active participation.
Ambassador Sridhar Khatri and Deputy Assistant Secretary at the USAID Anjali Kaur co-led the meeting which was jointly organized by the Embassy and the USAID. Other participants in the meeting from the US side included representatives from the White House, the State Department, USAID headquarters and its Nepal country office, and DFC. Representatives from the Ministry of Foreign Affairs, Ministry of Finance, Ministry of Industry, Investment Board of Nepal (IBN), and the Embassy participated in the meeting from the Nepali side.
The meeting focused on ways to encourage meaningful participation of potential US investors. The meeting also discussed the need to expedite legislative and institutional reform measures before the Summit.
