DFIs launch Nepal Invests to accelerate investment
UK development finance institution CDC Group, Dutch development bank FMO, and Swiss Agency for Development and Cooperation SDC have launched Nepal Invests, with the aim of driving increased investment into the country.
The platform intends to mobilise additional supporting projects and contributions from other development finance institutions and development partners, while engaging with the needs of the Nepalese private sector, FMO says.
FMO says the group of DFIs and a development partner will add to existing efforts to attract more investments and advance the development of the country, by channelling efforts to unlock the possibilities of investing patient, flexible capital to support private sector growth and innovation.
With regard to the coronavirus crisis, Nepal Invests will support the economic recovery from COVID-19 in multiple ways; partnering to address business environment challenges, exploring innovative ways to finance SMEs, and increasing the skills and capacity of local investment professionals.
