The economic diplomacy adopted by Nepal is seeing fruitful results in the global scenario. Nepal has been at the forefront of countries creating an investment-friendly environment through the investment policies and economic diplomacy that the current government has prioritized. In an effort to promote foreign investment worldwide, regular investment and information publishing, including banking expansion, capital market investment, foreign exchange, regional markets, etc., has been surveyed by EuroMoney, a survey of more than 186 countries in the world. Nepal has achieved the First score in the 'EuroMoney Ricks Survey', based on a six-month study from January to June 2019.
In the report of the EuroMoney study, Nepal, which is known as the highest summit in the world, is now ranked highest in the list of countries that will rapidly improve the investment-friendly environment while conducting a comprehensive survey of risks. It has given a positive message to the people who are stranded in the preaching of the hopeless illusion that they are in the throes of prosperity but no one will improve here. At the same time, reports that Nepal is becoming more secure for investment and opening new opportunities in important but overlooked areas in the past have given confidence to the investors of the world that Nepal is a new investment destination.
It has also been confirmed that if we are successful in reaching the list of countries with a favorable investment environment on the basis of improvement, it will be very difficult to achieve our goals if we strive with strong faith and dedication. The investment-friendly environment has shown rapid improvement in assessing the risks of Nepal's political, economic and structural sectors. Economic growth, Nepal's institutional development, and inflation at low rates were also examined.
Prime Minister KP Sharma Oli has called on the investor to invest confidently in such schemes as he has forwarded dozens of creative schemes to fulfill the dream of prosperous Nepal happy Nepali. In this regard, the government is calling for investment, and economic diplomacy is taking priority. The Ministry of Foreign Affairs is preparing to emphasize national economic interests and even carry out annual action plans on a strategic basis in every diplomatic meeting, dialogue and discussion. Special emphasis is given on tourism and investment opportunities to make Nepal visit year 2020 a success. With the diplomacy linked to economic diplomacy, the government has been able to present the situation of Nepal openly to the world because of the message that Nepal has an investment-friendly environment.
Although Nepal has been conducting investment conferences for creating an investment-friendly environment for some time, the large investment conference held in Kathmandu last March has been particularly important. The conference was based on the ten important investment sectors - electricity, transport, agriculture, tourism, physical infrastructure, information technology, natural resources, health and education, and telecommunications.
In the course of the conference preparations, policies and policies of facilitation were taken to move the large investment process into a one-way system. Addressing the investors' wishes expressed at the conference, the government was active in promoting more policy, political compatibility. Monetary policy has come accordingly. Such compatibility has now made Nepal a favorable investment environment, according to a survey report from the EuroMoney. But that is not the case. There are still issues like poor spending capacity, monetary liquidity, lack of skilled manpower. The cooperation, support of the government, the private sector and the general public is essential in analyzing such risks as well as the additional risks for investment. The administrative, economic and diplomatic spheres of political leadership must be supported in order to put into practice the positive sketches shown by the study report.
