PROJECT

Projects

Summary of Advisory Services Project Information

Project Number

575070

Primary Business Area

Investment Climate

Disclosure Date

Jul 19, 2010

Country

Nepal

Region

South Asia

IFC Approval Date

Apr 3, 2010

Status

Active

Estimated Total Budget

$2,491,183.00
(Project budget includes all project-funded activities)

Last Updated Date

Nov 30, 2016

Project Estimated Start Date

Apr 1, 2010

Project Description

The project establishes a public-private dialogue (PPD) to bridge the gap in trust between the public and private sectors in Nepal. Specifically, it creates the institutional platform necessary for results-oriented policy dialogue. Objectives include: 1) a new PPD mechanism for investment climate reforms; 2) four recommended laws, regulations, amendments, or codes enacted by the end of 2012; 3) 50 processes, procedures, or practices improved or eliminated (out of 200 recommendations proposed by the PPD) by the end of 2012; 4) enactment rate of proposed reforms improved by 10 percent per year for two years; 5) measurable improvement of Nepal's reform process and organizational effectiveness; 6) $5 million in private sector cost savings generated through 15 implemented investment climate reforms by the end of 2012, and $10 million in cumulative savings by the end of 2014; 7) improved perception of importance and support of business reforms among relevant stakeholders; and 8) increased coverage of Nepal Business Forum’s operating costs by business membership organizations and the government, to make NBF more sustainable.