Kathmandu. Kathmandu: The government is preparing and implementing an integrated national finance strategy to create a base for investment and sustainable development through mobilization of all financial resources. The government is going to implement the National Finance Management Reform Strategy through the budget for the upcoming fiscal year 2082/83 presented in the parliament.
Integrated National Financing Frameworks (INFAF) has been roped in to draft the strategy. The Ministry of Finance organized a workshop here today to discuss the draft strategy and take suggestions.
Joint Secretary at the Ministry of Finance Dhaniram Sharma said, “What are the sources of investment and how can they be mobilized? He said that an integrated strategy is being prepared. “An integrated strategy with clarity on what kind of financial resources can be mobilized and implemented according to Nepal’s development needs. This strategy is being formulated to make the old-style investment and finance concepts relevant to the time and to adopt the latest resources and concepts,” he said.
United Nations Development Programme (UNDP) Nepal’s Resident Representative Kyoko Yokosuka said the integrated national finance strategy would be helpful for the action plan needed to achieve the Sustainable Development Goals (SDGs) by analyzing the various facilities that Nepal may lose as it upgrades from the least developed country.
INFF has been assisting various countries in resolving the obstacles and challenges in the financial system needed to achieve the SDGs.
It is believed that this strategy will play an important role in increasing investment, risk management and sustainable economic development through the use of all kinds of financial resources, public and private, national and international.
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