PM Oli urges Swiss govt to help bring in FDI

KATHMANDU: Prime Minister KP Sharma Oli has urged the Swiss government to help bring in more foreign direct investment for Nepal’s economic development and prosperity.

During a meeting with Swiss Ambassador to Nepal Daniel Meuli at the Prime Minister’s residence in Baluwatar today, Prime Minister Oli stressed that foreign aid would be a catalyst for the country’s development.

He mentioned that the government of Nepal has been making efforts to make the state structures accountable to the people by strengthening democracy, sharing that the practice of Switzerland for the development of inclusive democratic structure has been established here.

Expressing commitment that the government would carry out necessary reforms to increase foreign direct investment, the Prime Minister explained that there was enthusiastic participation of 50 countries in the recently held Nepal Investment Summit.

Prime Minister Oli expected an increment of support from development partners as the country has set a goal of graduating to the developing country from least developed country by 2026 and to become middle-income country by 2030.

He thanked the Swiss government for its continued support to Nepal’s development endeavors, preventing COVID-19 and to the peace process.

On the occasion, the Swiss Ambassador congratulated and extended best wishes to Prime Minister Oli for his successful tenure and assured of continuing collaboration and cooperation between the two countries.