‘Economic Prosperity through Infrastructure Development’

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‘Economic Prosperity through Infrastructure Development’

September 12: Speakers at a session in the Nepal Infrastructure Summit 2019, which kicked off in Kathmandu on Wednesday, said that Nepal can achieve its desired economic growth and development goals through the development of infrastructures.

Addressing the mega event on infrastructure development, which is being organized jointly by the Confederation of Nepalese Industries (CNI) and the Government of Nepal, Director General of the World Bank Woochong Um said that countries including Nepal should focus on development of resilient infrastructure projects considering the rising global temperature and climate change issues.

Similarly, Um said that Nepal should prioritize community-based infrastructure development process so as to link Nepal's development aspirations and the Sustainable Development Goals (SDGs) adopted by the United Nations. Um also stressed on the effective coordination and partnership between the government and the private sector in the development projects.

Other participants including vice president of CNI Bishnu Kumar Agrawal, former revenue secretary Lal Shankar Ghimire, among others said that business climate in Nepal has been improving in the recent years and urged investors to make investment in different sectors.

Former Prime Minister Baburam Bhattarai said that the private sector can partner with the government in different development projects. 

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