Investment from DFIs crucial for Nepal's graduation
Nepal, April 24 -- The investment from development finance institutions (DFIs) is crucial for Nepal as it stands at a critical juncture to graduate from the least developing countries (LDCs) category by 2026, experts and participants at a function said on Tuesday.
DFIs are specialised foreign government-backed institutions that invest in commercially feasible private-sector projects in low- and middle-income countries where projects face financing gaps and are unserved by private banks.
Overall, between 2014 and 2023, DFI investments reached around $1.09 billion, most absorbed by the energy sector.
On Tuesday, Invest for Impact Nepal, a platform to support foreign direct investment into Nepal, powered by British International Investmen...
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