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March 27: The private sector and the government of Nepal will be presenting 77 projects at the International Investment Summit to be held in the capital on March 29 and 30. Of them, 50 are from the government side and 27 on behalf of the private sector, according to Rastriya Samachar Samiti.
Meanwhile, all preparations for the summit have been completed, according to the Investment Board of Nepal. The meeting of the IBN held at the Office of the Prime Minister and Council of Ministers on Tuesday evening also decided to accord high-level hospitality to the delegates attending the summit.
The state-run news agency, RSS, reported that more than 600 delegates are expected to arrive for the summit from various countries in Kathmandu. Non-resident Nepalis are also taking part in the summit, according to CEO of the Board Maha Prasad Adhikari. Along with foreign investors, representatives from the World Bank, Asian Development Bank and International Monetary Fund are also attending the summit.
Majority of the guests are expected to arrive in Kathmandu by Thursday.
Taking to media persons following the meeting, Finance Minister Dr Yuba Raj Khatiwada said memorandum of understanding will be signed on a dozen of projects during the summit.
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