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Friday 18 August 2017

Investors in Nepal as country rebuilds from 2015 earthquake

Earthquake damage in Kathmandu
Earthquake damage in Kathmandu

Investors from some 30 countries were meeting in Nepal which is seeking help in recovery efforts from a devastating earthquake in 2015.

The government hopes to attract at least one billion US dollars in new foreign investment during the two-day conference in the capital, Kathmandu, and prime minister Pushpa Kamal Dahal promised on Thursday to foster a good business environment.

Jin Liqun of the China-based Asian Infrastructure Investment Bank said it would work with the government to promote social and economic development in the country, one of the poorest in the region.

A decade-long communist insurgency put development on hold and was followed by years of political instability.

The 2015 earthquake killed 9,000 people and damaged nearly one million houses.

AP

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