US Chamber of Commerce Delegation to Join Nepal Investment Summit 2024, US Ambassador Commits Support

In a significant development for Nepal’s economic landscape, a delegation from the US Chamber of Commerce is set to participate in the eagerly awaited Nepal Investment Summit 2024, scheduled for April 28 and 29. This announcement came following a meeting between US Ambassador to Nepal, Dean R Thompson, and Minister for Finance, Barsha Man Pun, on Monday.

During the meeting, Ambassador Thompson conveyed the participation of the US trade delegation in the investment summit and expressed the commitment of the US Embassy in Kathmandu to support the event. Discussions between the two dignitaries also delved into various aspects of bilateral relations and ongoing projects under US assistance.

Minister Pun, highlighting the extensive preparations for the Nepal Investment Summit 2024, sought the cooperation of the US Embassy in attracting American investors to the summit. Moreover, he disclosed that the sovereign rating of Nepal is underway by the US-based Fitch Rating Inc., with the expenses being covered by the Foreign and Commonwealth Development Office of the UK Government, as per a statement issued by Pun’s Secretariat.

Emphasizing Nepal’s proactive stance against money laundering, Minister Pun informed Ambassador Thompson that the risk of Nepal being included in the grey list by the Financial Action Task Force has been mitigated. Nepal’s endorsement of a bill to amend the Money Laundering Prevention Act, 2020, underscores the country’s commitment to combating financial crimes.

The participation of the US Chamber of Commerce delegation signals growing international interest and support for Nepal’s economic development initiatives. With the Nepal Investment Summit 2024 poised to facilitate crucial discussions and collaborations, the engagement of US investors is expected to further bolster Nepal’s investment landscape and foster stronger economic ties between Nepal and the United States.