The International Finance Corporation (IFC) and the Federation of Nepalese Chambers of Commerce and Industry (FNCCI) held a high-level meeting on Thursday, May 1, to explore avenues for collaboration in advancing Nepal’s economic development, job creation, and strengthening the private sector.
During the meeting held at the FNCCI Secretariat, Gregory Smith, IFC Regional Director for South Asia, and FNCCI Vice President Hem Raj Dhakal discussed mutual priorities and future coordination between the two institutions, according to the state-owned RSS news agency.
Smith expressed IFC’s readiness to deepen its partnership with FNCCI to drive economic progress in Nepal. He emphasized the organization’s commitment to supporting knowledge-sharing initiatives, enhancing the capacity of small and medium enterprises (SMEs), and expanding employment opportunities for Nepal’s youth.
FNCCI Vice President Dhakal, acknowledging past cooperation, thanked IFC for its continued support for Nepal’s private sector development. “The joint report, State of Nepal’s Private Sector, prepared by FNCCI and IFC in 2022, has served as a valuable guide in shaping policy and investment frameworks,” he noted.
Manoj Poudel, Chair of FNCCI’s Investment and International Affairs Forum, expressed optimism that the renewed partnership would help bolster the private sector’s capacity. He also called for expanded technical and institutional collaboration in key areas such as knowledge exchange, financial access, green economy promotion, digital transformation, and SME empowerment.
RSS
