Nepal Purbadhar

सोमवार, असार ४, २०८१
Monday, June 17, 2024

सोमवार, असार ४, २०८१
Monday, June 17, 2024

IBN approves investment worth Rs 122 bn

KATHMANDU: Investment Board Nepal (IBN) approved a total investment worth Rs 122 billion during the fiscal year 2021/22, shows its performance report. Susheel Bhatta, Chief Executive Officer of Investment Board Nepal (OIBN), submitted the annual report of IBN to the Prime Minister and its Chairman Sher Bahadur Deuba on Wednesday.

On July 32, 2021, Bhatta signed a performance contract that consisted of 42 activities for that fiscal year. As per the Public-Private Partnership and Investment Act 2019, IBN’s CEO must submit its annual performance report to the Prime Minister. 

Amrit Lamsal, Joint secretary and spokesperson of the OIBN said that cent percent of progress has been achieved in all performance targets. 

Receiving the report, PM Deuba directed OIBN officials to demonstrate more efficiency in order to attract and mobilize large-scale investments as the country is under mounting economic and financial challenges. 

On the occasion, CEO Bhatta expressed commitment to attract investment, facilitate the entire cycle of projects and develop the OIBN into the Centre of Excellence in PPP investment promotion. 

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