Nepal has established an atmosphere that is conducive to investment: Finance Minister Paudel
According to Finance Minister and Deputy Prime Minister Bishnu Prasad Paudel, the nation has established an atmosphere that is conducive to investment. Speaking at a press conference today, he said that Nepal has become a favorable place to invest after receiving a BB rating from the sovereign credit rating. According to him, the grade shows that Nepal’s macroeconomic and financial conditions, public funding mobilization, and economic structure are all advanced and conducive to investment. According to him, the outcome of the credit rating has made it possible for Nepal to obtain loans from the global market at reasonable interest rates because of its strong credit capacity as well as its sound financial and economic standing.
Global investors and financial service providers utilize the sovereign credit rating as a foundation for assessing a nation’s investment climate, according to Joint Secretary at the Ministry Narayan Prasad Risal. He claims that it will provide the actual state of affairs to investors worldwide and assess the composition and state of the nation’s economy from the perspective of impartial specialists.
