Alternative Finance Aims To Boost Growth

Nepal’s parliament has recently enacted the landmark legislation - Alternative Development Finance Mobilisation Act, 2083. The new legislation establishes a separate alternative financing fund and authorises the government to pool resources from various sectors for the identification, execution and operation of high yielding large infrastructure development projects. This statutory provision opens a new pathway for the government to deploy the various fiscal and monetary instruments to leverage development finance from market for country’s socio-economic development through large scale infrastructure financing.