MP Lima Adhikari Stresses Need for Alternative Financial Sources for Nepal's Infrastructure Development
Summary
MP Lima Adhikari emphasizes the need for alternative financial sources beyond traditional government budgets to meet Nepal's ambitious infrastructure goals, including generating 30,000 MW of electricity and constructing 30,000 km of roads in the next decade.
Key Points
- MP Lima Adhikari states traditional government budgets are insufficient for Nepal's infrastructure development and calls for mobilizing alternative financial sources.
- The government aims to generate 30,000 megawatts of electricity and build 30,000 kilometers of roads within ten years.
- New financial instruments including thematic bonds, offshore bonds, and project bonds will be used following the passing of the Alternative Finance Bill.
- The government plans to use domestic resources like the Employees Provident Fund and also considers issuing offshore bonds with support from the Asian Development Bank.
