Nepal to Create Sovereign Wealth Fund, Push AI and Digital Economy Under New Budget
Summary
Nepal plans to establish a sovereign wealth fund using foreign currency reserves and focus on AI, clean energy, and digital infrastructure development in the 2026/27 budget. The government aims to develop Nepal as a regional technical hub and launch various initiatives including an AI factory, fintech marketplace, and support for AI researchers.
Key Points
- Nepal government plans to create a sovereign wealth fund using foreign currency reserves.
- The 2026/27 budget prioritizes AI, clean energy, digital infrastructures, and financial sector reforms.
- An AI factory and sovereign AI compute centre will be established to support startups and industrialists.
- Shares of Rastriya Jeevan Bima Company and Bishal Bazar Company will be sold to the public to raise funds for tech development.
