Finance Minister Wagle to Hold Talks with 20 Major Multinational Taxpayers on Investment and Budget Implementation

Finance Minister Dr. Swarnim Wagle is holding a special discussion today with directors and representatives of 20 major multinational companies that have invested in Nepal. The discussion is part of a broader consultation series initiated by the Ministry of Finance to prepare for the implementation of the FY 2083/84 budget and collect recommendations from key stakeholders. The meeting, scheduled to begin at 12 noon at the Ministry of Finance’s Subarna Hall, has brought together senior representatives and domestic and foreign partners of the multinational companies. During the discussion, Minister Wagle is expected to seek feedback on the effectiveness of facilities provided to multinational companies through the budget, challenges they face while operating in Nepal, and opportunities for expanding their investments in the country. Particular attention will be given to employment generation, investment expansion, and policy and practical measures required to facilitate the repatriation of investment returns. The Finance Minister has also asked business representatives to submit written details of their key challenges and the support they expect from the government. Minister Wagle has intensified consultations with stakeholders to improve the effectiveness of budget implementation. As part of the same initiative, he has already held separate discussions with representatives of 33 major industrial business groups, CEOs of Class ‘A’ commercial banks, and executive directors of Nepal Rastra Bank. Multinational companies operating in Nepal have been making a significant contribution to government revenue. The Ministry of Finance said the latest consultation is aimed at addressing their concerns, improving the investment environment, and creating better conditions to attract additional foreign investment into Nepal.