Cross River Bank Initiates Campaign to Connect Nepal to Global Financial System
Summary
Cross River Bank launched a campaign to connect Nepal to the global financial system, highlighting Nepal's potential and challenges in attracting foreign investment, especially in the hydropower sector.
Key Points
- Cross River Bank initiated a campaign to connect Nepal to the global financial system and held discussions with Nepalese financial and investment leaders.
- Nepal has substantial financial resources but lacks the financial infrastructure needed to effectively mobilize capital and attract foreign investment.
- Only about 39 percent of committed foreign investment has actually entered Nepal, indicating underperformance relative to potential.
- Nepal's hydropower sector is a significant opportunity but currently offers returns that are not sufficiently attractive to global institutional investors due to limited equity returns and currency depreciation.
