Investment Board sets goal of approving investment worth 10 billion USD in five years

Thu, Sep 9, 2021 6:59 AM on Featured, Economy,

The Investment Board Nepal (IBN) has set the target of approving investments worth 10 billion US Dollars in the next five years. It has also set the goal of managing private-public partnership projects worth 6 billion USD in the same period.

The Board made public its Strategic Plan including these goals on the occasion of its 10th anniversary today. 

Prime Minister Sher Bahadur Deuba, who is also the Chairperson of IBN, released the strategic plan.

"It is seen that there will be a shortfall of a total annual average of Rs 558 billion to achieve the sustainable development goals. It is not easy for us to attract that much investment when various countries themselves are effortful in bringing investment in the present adverse situation created by COVID-19. But we are hopeful," the PM said.

The strategic plan aims to help create at least 100 thousand jobs as well as to contribute towards creating an environment for the promotion of impactful investment.

It has also spelled out five important main goals for developing IBN into an excellent center for private-public partnership.