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Nepal: HRRP Bulletin (30 April 2024) - Nepal

Nepal: HRRP Bulletin (30 April 2024) - Nepal
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Congress objects to last-minute ordinance to amend multiple laws

Government awaits President’s approval of the legislation aiming to streamline provisions to attract foreign investors. ....

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Investment Summit approaches, but key ordinance pending

Ordinance to amend laws to remove hurdles yet to reach President. Officials say Sheetal Niwas will get it today. ....

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Govt amends nine laws through ordinance to attract investors

KATHMANDU, April 23: To attract domestic and foreign investors, the government has amended nine laws through an ordinance. These amendments are made on the eve of the Nepal Investment Summit-2024 and address long-standing complaints from the private sector that the existing laws hinder the creation of an investment-friendly environment in the country. ....

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Lack of investment-friendly laws raises concerns as Investment Summit approaches

KATHMANDU, April 20: Despite the private sector’s recommendations to amend about two dozen laws to promote both foreign and domestic investment in the country, the government has yet to make any amendments. With only nine days remaining for the start of the Nepal Investment Summit-2024, where the government aims to attract foreign investment, the private sector is worried due to the absence of legal reforms. ....

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