By TRN Online , Kathmandu, June 18: Prime Minister Pushpa Kamal Dahal 'Prachanda' has said that d espite Nepal's concerted efforts to accelerate inclusive growth, Nepal has faced fiscal constraints, deficits and increasing debt servicing obligations, which create a substantial resource gap in financing our Sustainable Development Goals (SDGs), Nationally Determined Contributions (NDCs), and infrastructure development. Inaugurating the 21st replenishment meeting of IDA (IDA21) PM Prachanda said " Our domestic resources alone are insufficient. Therefore, we aim to leverage private capital, attract Foreign Direct Investment, generate additional employment opportunities, accelerate economic activities, and enhance domestic revenue mobilization while considering a change in the financing landscape after graduation from LDC status in 2026.
" The full statement of PM is given below Statement by Prime Minister Pushpa Kamal Dahal ‘Prachanda’ o n the opening of the IDA21 replenishment Meeting June 18, 2024, Kathmandu Honourable Deputy Prime Ministers, Honourable Ministers, Senior Managing Director of the World Bank and Independent Co-Chair Distinguished Delegates, Participants, Ladies, and Gentlemen. Namaste and a warm welcome to all the delegates and members of the World Bank management. It is an immense honour to host this important IDA21 meeting in Nepal, a country renowned for its natural beauty with enormous development potential and resilience.
On behalf of the Government of N.
