Symposium on Financial Reform

First NRN Global Knowledge Convention

Symposium: Financial Policy and Investment


Date: 14 October 2018

Time: 16:00-18:10

Hall: TBC

Investment  of  Nepali  diaspora  for  economic  growth  of  Nepal  is accelerating every year. Diaspora population is actively investing in hydropower, hospitality, information technology, banking, health and education  sectors. These investments are happening despite some unfriendly investment policies and taxation system. In order to attract more financial and human capitals for investment, Nepal.s financial policies need to be revamped. In this session, we will discuss how investment environment for Nepali diaspora can be made conducive by improving on existing legal and administrative structures of the financial system of Nepal.


(Focus: Foreign Direct Investment, Portfolio Investments, Investment Policies, Financial Reforms, Fiscal Policies, Repatriation)


Background: The home of mountains, sheltering the world’s tallest peak Mount Everest, along with birthplace of light of Asia Siddhartha Gautama Buddha is the typical introduction to NEPAL. The home of eight out of tenth tallest mountains in the world, filled with plenty of medicinal herbs, 2nd richest country in the world in terms of water reservoirs with an installed capacity of 48,000 MW hydropower electricity potential, equipped with enormous natural beauties, and all-time favorable climate, nevertheless the country has failed to attract enormous foreign direct investments (FDIs) and thereby Nepal still remains one of the poorest countries in the world.


Nepal started undergoing reforms in the 1990s once multi-party democracy returned after 30 years. The government introduced a ‘one window policy’ whereby the Department of Industries was designated as the sole agency for all FDI related work. The flow of inward FDI was at peak during mid-1990’s however thereafter it declined due to armed conflict faced by the country. However, as the decade-long armed conflict ended, the new constitution was promulgated, and elections are successful conducted, Nepal is creating a peaceful and investment friendly environment for the investors (either domestic, foreign or NRNs).  Although the investments are accelerating, the growth rate is not satisfactory and therefore, this session will highlight and recommend constructive policies so as to enhance large inflows of such investments.


There is a saying that finance without strategy is just numbers and strategy without finance is just dreaming. In other words, to kick off any projects, the investments are imperative and that is exactly the case we are facing in terms of project development in Nepal. Domestic investment in Nepal is not enough to realize double digit growth rates in order to achieve the target of becoming a middle-income country by 2030. This is where the foreign and NRNs investments will play a big role towards overall economic development for the country.


In order to accelerate investments, the Government of Nepal has to introduce changes on its policies, rules and regulations to create more new and attractive opportunities and further create conducive environment for both foreign and diaspora investments.

Themes: This symposium will explore how we can attract more FDI, Portfolio Investments, Diaspora Investments and Human Capital Investments. The theme of this session will be

  • To show the correlation between FDI and economic growth
  • To understand obstacles to FDI and Portfolio Investments including structural and institutional factors
  • To highlight major investment sectors in Nepal
  • To present current fiscal policies, existing legal system and changes required thereon
  • To propose a number of changes that the government should incorporate in the upcoming revision of Foreign Investment and Technology Transfer Act 1992
  • To present policies, trends, and patterns of flow of FDI, and suggest policies and practices adopted by countries having similar level of constraints in relation to investments



Contact Information of Symposium Coordinators:

Ranjeet Mahato, FCCA, MBA, CITA, CertIoD, PhD candidate (

Mr. Keshab Basnet, Acting Director at Nepal Rastra Bank – Central Bank of Nepal (


Program Schedule

Symposium 5: Financial Policy and Investment
14 October 2018, 16:00-18:10, Marva Hall
Chair: Bhabani Rana, Moderator: Keshab KC
InvitedBhisma Raj DhunganaRemittance and repatriation Executive Director, Nepal Rastra
ContributedRanjeet MahatoRole of NRNs for FDI and joining Nepal into world's economy Neapolis University Paphos,
ContributedAbhaya PoudelFDI in Nepal, complication and way forward Reanda Biz Serve, Kathmandu,
ContributedSunil Paudel Foreign investment through capital market in Nepal: avenues, challenges and solutionPortfolio Manager / Analyst, National Merchant Banker
ContributedLN PandeyImproving reliability of the public financial systemDirector, Asmita & Associates Ltd, London,
Rapd FireSristi Tandukar Analysis of climate finance World Renew
Rapd FireDila KharelOne NCC one project one employmentInnovative Associates, Sydney,
Panel Discussion and Q/AAnal Raj BhattaraiEx-CEO, Sanima Bank and Businessman
Mahesh ShresthaCity Expresss Group,
Maha Prasad AdhikariCEO, Nepal Investment Board
Rajendra KhetanPresident, Nepal Britain Chamber of
SummaryBhabani RanaFNCCI, President