Kathmandu: Prime Minister Pushpa Kamal Dahal 'Prachanda' has announced plans to enhance the efficiency and effectiveness of the Investment Board Nepal, transforming it into an institution capable of utilizing expert knowledge and experience. During the receipt of the Board's annual report, PM Dahal directed the Chief Executive Officer (CEO) to develop a framework with policy, legal, and institutional measures for reforms.

The government aims to position the Board as a key institution for strategic infrastructure projects, highlighting its contributions in coordination, collaboration, and partnerships. PM Dahal assured the government's commitment to support the Board's future efforts and emphasized the importance of foreign direct investment and private sector investment in developing mega infrastructures in the country.

Recognizing the professional delivery of the Board office, PM Dahal expressed excitement about the response received from international-level organizations. He commended the Board's scientific and contextual project development screening process and encouraged cooperation with concerned ministries in identifying and structuring projects.

The Board's Chief Executive Officer, Sushil Bhatta, presented the strategic plan, mandate, business plan, and progress against the government's budget and program. The progress report highlighted the Board's achievements in project management, investment promotion, institutional development, and coordination, collaboration, and partnership. CEO Bhatta also briefed the Prime Minister about key works to be undertaken in the current fiscal year.

The tradition of presenting the annual progress report to the Prime Minister and Board Chairperson, along with signing a performance contract between them, was observed during the event. Prime Minister Dahal's vision of gradually incentivizing private investment in development is expected to pave the way for sustainable growth and prosperity in the country.