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Nepal Invests is launched by CDC, FMO and SDC to accelerate investment in Nepal

Press Release,  19 March 2021

KATHMANDU: CDC Group, the UK’s development finance institution, FMO, the Dutch development bank and Swiss Agency for Development and Cooperation SDC have launched Nepal Invests, a platform that will drive increased investment into the country.

This group comprising of Development Finance Institutions (DFIs) and a Development Partner, will complement 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 – helping to solve the biggest development challenges in Nepal.

The COVID-19 pandemic has challenged the world. For Nepal, it is clear that there will be significant economic pressure as a result of potentially volatile remittance inflows, and a surge in demand for finance at a time when the crisis has significantly reduced access and option of capital for SMEs. 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. These measures are designed to better prepare Nepal’s market for increased investment from development finance institutions, frontier players, and intermediate vehicles in order to support the medium-term economic recovery.

Nepal Invests represents a ground-breaking collaboration between DFIs and development partners in the country, reflecting shared objectives to support business growth, strengthen investment and accelerate Nepal’s economic recovery from COVID-19. The platform intends to mobilise additional supporting projects and contributions from other DFIs and development partners, whilst engaging closely with the needs of the Nepalese private sector.

Click here to download the Press Release. (PDF, 424.5 kB, English)

 

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Switzerland supports Nepal with essential medical supplies worth USD 8 million to combat the COVID-19 crisis

22.05.2021 — Press release Nepal
Early today, a special cargo flight carrying the medical supplies landed in Kathmandu, where Swiss Ambassador Elisabeth von Capeller handed them directly over to Honorable Minister Hridayesh Tripathi, Ministry of Health and Population. With this, Switzerland responds to a request from the Government of Nepal for essential medical supplies to combat the ravaging COVID-19 crisis. 


Switzerland supports Nepal with essential medical supplies worth USD 8 million to combat the COVID-19 crisis

22.05.2021 — Press release Nepal
Early today, a special cargo flight carrying the medical supplies landed in Kathmandu, where Swiss Ambassador Elisabeth von Capeller handed them directly over to Honorable Minister Hridayesh Tripathi, Ministry of Health and Population. With this, Switzerland responds to a request from the Government of Nepal for essential medical supplies to combat the ravaging COVID-19 crisis. 


Swiss contribution of CHF 19.4 million for Trail Bridges and Provincial and Local Governance Support Programme in Nepal

06.11.2019 — Press release Nepal
The Government of Switzerland has agreed to provide technical grant assistance of CHF 19.4 million (equivalent to Nepali Rupees 2.1 billion approx.) to the Government of Nepal to implement two programmes in the country. Out of the amount, CHF 9.4 million will be spent for the implementation of Trail Bridge Sector Wide Approach Framework III, and CHF 10 million, to implement the Provincial and Local Governance Support Programme (PLGSP). Agreements to this effect were signed and exchanged between Her Excellency, Ms. Elisabeth von Capeller, Ambassador of Switzerland to Nepal and Mr. Rajan Khanal, Secretary, Ministry of Finance, on behalf of their respective governments on 06 November 2019.


Swiss contribution of CHF 19.4 million for Trail Bridges and Provincial and Local Governance Support Programme in Nepal

06.11.2019 — Press release Nepal
The Government of Switzerland has agreed to provide technical grant assistance of CHF 19.4 million (equivalent to Nepali Rupees 2.1 billion approx.) to the Government of Nepal to implement two programmes in the country. Out of the amount, CHF 9.4 million will be spent for the implementation of Trail Bridge Sector Wide Approach Framework III, and CHF 10 million, to implement the Provincial and Local Governance Support Programme (PLGSP). Agreements to this effect were signed and exchanged between Her Excellency, Ms. Elisabeth von Capeller, Ambassador of Switzerland to Nepal and Mr. Rajan Khanal, Secretary, Ministry of Finance, on behalf of their respective governments on 06 November 2019.









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