IBN, UNDP sign partnership agreement on SDGs-friendly investment

KATHMANDU: The Office of the Investment Board Nepal (IBN) and United Nations Development Programme (UNDP) on Tuesday signed a memorandum of understanding (MoU) on the partnership agreement to collaborate on promoting public-private partnerships (PPP) and SDGs-friendly investment in Nepal. Chief Executive Officer (CEO) of IBN, Sushil Bhatta, and UNDP's Resident Representative for Nepal, Ayshanie Medagangoda-Labé, signed the partnership agreement. Spokesperson at Office of IBN, Bhagawan Aryal, said the MoU includes the issues of institutional capacity promotion, promotion of private investment and PPP. The agreement is expected to fulfil the gaps on fiscal dearth to meet the SDGs in Nepal. The MoU also includes the issues of social and environmental impact assessment on project development, project development agreement and project investment agreement, among others. Likewise, cooperation on the development of Standard Operating Procedures (SOPs) to effectively run the services of IBN are also included in the MoU. On the occasion, CEO Bhatta said the partnership agreement would help promote investment in Nepal. For this, he stressed the need for exchange of cooperation on capacity building of IBN, risk reduction of the investors and promotion of predictability. READ ALSO:

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