Kathmandu, November 1
Anne-Marie Trevelyan, the Indo-Pacific minister of state at the United Kingdom Foreign, Commonwealth and Development Office, held a meeting with Finance Minister Prakash Sharan Mahat on Tuesday in London.
According to Mahat’s secretariat, the discussions centered on various facets of the bilateral relationship between the two nations.
The primary focus was on Nepal’s endeavors to attract foreign investment from the UK. Mahat underscored the vital necessity of external investment in Nepal, citing the economic difficulties stemming from the Covid pandemic, heightened social security requirements, escalating domestic and foreign debts, and a shortage of investable capital.
Mahat highlighted that in light of the UK’s renewed emphasis on green energy following the COP-26 summit in Glasgow, there are auspicious prospects for British investment in Nepal’s renewable energy sector. He also urged consideration of investments in fields such as information technology, education, and tourism.
One of the key issues raised during the meeting was the welfare of former Gurkhas, a matter of significance to both nations. Mahat urged Trevelyan to address their remaining demands.
Trevelyan assured Nepal of the UK’s continued commitment to being a development partner and pledged ongoing support for the country.