Unstable Politics Obstructing Investment: Bodde

Investors are backtracking from investment despite immense possibilities in Nepal, said US ambassador to Nepal Peter W Bodde.

 

Speaking at an interaction programme organised by the Birgunj Chamber of Commerce and Industry (BCCI) last Thursday, envoy Bodde said that political instability is hindering investment in Nepal. He advised the business community to press political parties to restore political stability in the country and prioritise economic development.  “Attracting foreign investment and generating employment opportunities should be the priority of political parties. The business community can request political parties towards this end,” Bodde said. 

 

He also said the business community should support holding the Constituent Assembly polls scheduled for November 19. 

 

Also speaking in the programme, BCCI Chairperson Ashok Baidya lamented over continuing problems in creating a business friendly environment. He also expressed his expectation from the U.S. for the economic development of Nepal.