PM Oli in Davos, Switzerland. Image: TwitterPM Oli in Davos, Switzerland. Image: Twitter

World Economic Forum 2019: PM Oli speaks on ‘Strategic Outlook on South Asia’

Addressing a session on ‘Strategic Outlook on South Asia’ at the 49th annual meeting of World Economic Forum at Davos, Switzerland, PM Oli spoke of the importance of socio-economic development, and of Nepal’s progress towards it.

Speaking at the Session, he highlighted the major political achievements of Nepal and said the political stability of the country had ensured an enabling environment for socio-economic development.

The Prime Minister said that South Asia is rich in demographic dividend and has tremendous potentials for economic growth through regional cooperation. He underscored the need for deeper cooperation especially in the areas of trade, investment, and connectivity.

The Prime Minister also discussed the contribution of Nepal’s high mountains and forests to environmental protection in the region. He stated that we should keep the future of the people and the earth at the centre while planning for socio-economic development.

Moderated by Indonesian Professor Mari Elka Pangestu, the session also featured Chief Executive of Afghanistan H.E. Mr. Abdullah Abdullah and President and Chief Executive Officer of Telenor Group Mr. Sigve Brekke, among others.

Also, in the afternoon, Finance Minister Hon. Dr. Yuba Raj Khatiwada addressed a session on ‘Investment Trends Monitor’ organized by UNCTAD. He said that conventional model of Foreign Direct Investment (FDI) flows would not work any longer and that innovative financing mechanism with blended financing and risk sharing was necessary to meet the financing gaps especially in poorer countries.

If SDGs are shared responsibility and we want to achieve them by 2030, more focused FDI on building infrastructure is crucial to stimulate economic growth, he said.

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