SDC to help Nepal attract more foreign investment

Kathmandu, Mar 22: Visiting Director General of the Swiss Agency for Development and Cooperation (SDC), Manuel Sager, Friday said that the SDC would work with the Government of Nepal to reduce investment risk by means of sharing ideas so as to help Nepal attract more foreign investment.

Responding to queries at a press meet organised before he wrapped up his five-day visit, ambassador Sager also viewed that it was time for the SDC to shift the focus on new emerging issues in Nepal.

He mentioned that Nepal had many beautiful places for tourists to visit and pointed at the need to build advanced infrastructures and improve hospitality services at par with the global standard.

Swiss Agency for Development and Cooperation (CDC) director general Manuel Sager (second from right) addresses a press meet in Kathmandu, March 22, 2019. (Photo: Rajendra/TRN)

Ambassador Sager who arrived here on March 18 held high-level meetings with the government authorities, including Dr. Yuba Raj Khatiwada, Minister of Finance and Shanker Das Bairagi, Secretary of Ministry of Foreign Affairs. According to a press release by the Embassy of Switzerland in Nepal issued on Friday, he also met with representatives of international development partners and visited Swiss funded projects in and around Ramechhap district.

Within the light of 60 years of the Swiss Development Cooperation in Nepal, Ambassador Sager was here on a five-day visit from 18th to 22nd March 2019, together with Dr. Derek Müller, Head of South Asia Division, SDC.

The Swiss Cooperation Strategy for Nepal 2018-2021 foresees total disbursements in Nepal of approximately USD 130 million (equivalent to NPR. 14.7 billion) for four years and emphasises on inclusive federal state building, promote employment and income, and contribute to safety of Nepali migrant workers. Gender Equity and Social Inclusion, and Disaster Risk Reduction are included in Swiss programme portfolio in a cross-cutting manner and focuses its interventions mainly at the state and local levels, fostering in particular the socio-economic development of women and members of disadvantaged population groups, and building sustainable and inclusive institutions.

"Swiss development cooperation will promote inclusive growth through the use of innovation and Swiss know-how, as well as new financing models and increased cooperation with the private sector. The promotion of peace, stability and human rights will remain an important pillar of Swiss engagement in Nepal. Switzerland will continue to support Nepal’s ongoing federal state building process as a competent and innovative partner. It will remain engaged in building the systems, institutions and capacities at subnational levels," said the swiss embassy the press release, adding "At the same time, SDC will fully support initiative taken on vocational education by the Rt. Hon’ble Prime Minister Mr. K. P. Sharma Oli and the Government of Nepal".



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