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Nepal Mulls Credit Assessment for Foreign Investment

Nepal Mulls Credit Assessment for Foreign Investment

In a move offering an investment-friendly climate to foreign investors, the Government of Nepal is welcoming international credit rating agencies to rate the country’s business environment.

The government is keen on engaging globally-renowned agencies to assess the country’s sovereign credit rating so as to determine the risk of doing business in Nepal.

In this regard, the Ministry of Finance has already sought support from donor agencies, primarily the Department of International Development (DIFD), to study the credit risk.

According to the Revenue Secretary Sishir Kumar Dhungana, DFID has extended its support to help the Himalayan nation in finding an appropriate credit rating agency along with determining the modality of planned credit rating.

US-based Moody’s has already approached the government with its modality for measuring the creditworthiness of Nepal, informed Dhungana.