The South Asia Enterprise Development Fund, managed by the IFC in partnership with the UK government and the Norwegian Agency for Development Cooperation, is extending the support for the program. [break]
A statement from IFC says the program covers a broad spectrum of initiatives, ranging from supporting the Nepal Business Forum, assisting the Investment Board to make projects attractive and simplifying procedures for doing business.
At a workshop in Kathmandu on ´Doing Business in Nepal: Updates of Reforms Undertaken in 2012-13 and Planned Reforms Initiatives´, both the government and the private sector agreed to work toward the common goal of removing constraints to businesses and enhancing economic growth of the country.
Fred Zake, head of IFC´s Investment Climate Reform Program in Nepal, said the IFC was committed to supporting the government in improving laws and business regulations, governing private investment and simplifying those relating to banking and financial institutions so that investors find the business environment friendlier and attractive.
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