Government to establish sovereign wealth fund by leveraging robust foreign exchange reserves
▸ Part of: Nepal's Finance Minister Presents FY 2083/84 Budget Focused on Economic Revitalization
The Government of Nepal plans to establish a Sovereign Wealth Fund by mobilizing a portion of its foreign exchange reserves to manage national assets and fund development projects. Finance Minister Dr Swarnim Waglé announced this policy shift during the presentation of the federal budget for fiscal year 2083/84, citing the current stability of Nepal’s foreign currency holdings as a key enabler for this strategic financial management evolution.
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