UN report underscores urgency of hefty financing to rescue SDGs - Aarthiknews:: A leading business & economic news portal from Nepal

KATHMANDU, APRIL 10: At a time when only six years are left to achieve sustainable development goals (SDGs), global efforts towards sustainable development have witnessed severe setbacks resulting in a crisis. A UN report released yesterday asserted that financial challenges are behind the present sustainable development crisis, while countries are not only slow off the […]

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Nepal, EU commit to work together for promoting democracy, good governance

KATHMANDU, MARCH 21: Nepal and the European Union (EU) have reiterated their commitment to work together in upholding democracy and human rights, promoting good governance, realizing Sustainable Development Goals (SDGs), promoting investment, and coping against global challenges such as climate change. This is stated in a Joint Press Release issued following the 15th meeting of […] The post Nepal, EU commit to work together for promoting democracy, good governance appeared first on Aarthiknews:: A leading business & economic news portal from Nepal.

Minister Basnet stresses on promoting rainwater harvesting to manage water needs

KATHMANDU, MARCH 18: Minister for Energy, Irrigation and Water Resources, Shakti Bahadur Basnet, has pressed the need for promoting rainwater harvesting to help achieve the Sustainable Development Goals (SDGs). In his address to a Regional Conference on Rainfall Harvest and Management kicked off in Lalitpur today, the Minister said, “Traditional sources of water are drying […] The post Minister Basnet stresses on promoting rainwater harvesting to manage water needs appeared first on Aarthiknews:: A leading business & economic news portal from Nepal.

Financing Options For Private Sector Growth

Nepal has embarked on an ambitious journey to achieve middle-income status by 2030 through the accomplishment of the Sustainable Development Goals (SDGs). The 15th Development Plan has prioritised agribusiness, tourism, energy, industry and business segments as key sectors that are crucial for powering Nepal’s economic growth. Private investment has played an important role in the country’s economic development. However, private capital investment remains low, with overall Private Fixed Capital Formation-to-GDP standing at just 23 per cent in 2020 (World Bank). According to Nepal’s National Planning Commission, the financing gap for SDGs in the private sector is estimated to be Rs. 367 billion. Proliferation of actors