On May 23, 2014, Samriddhi organized an econ-ity session to discuss the ‘Framework for Foreign Investment Policy in Nepal’ at Hotel Yak and Yeti. The event was moderated by Mr. Anil Sinha, a senior advocate and Mr. Roberto Enchandi, International Finance Co-operation (IFC)’s investment policy specialist was the chief speaker for the program.
The concluding remarks reflected upon the following:
Perception is very important for a small country like Nepal. Thus building a positive image in the international community will help in attracting more foreign investments.
As a small country working in the global framework of continuous interaction through mechanisms like World trade Organization and United Nations, one of the major avenues for
Nepal to raise and protect its interest is through international agreements and bilateral trade and treaty agreements. Along with building international agreements to defend our interests, a watchdog mechanism to monitor the role and responsibility of government organization is also very important.
The process of repatriation and visa requirements need to be hassle-free.
Conflicting policies and agencies need to be tackled and a harmonization of laws is required to curb discretionary power of bureaucrats.
Finally, the Commission for the Investigation of Abuse of Authority needs to not only question but also take affirmative action and be an active and effective agency.