In New Delhi:
Minakshi Seth
Phone: +91 11 4111 1000
E-mail: MSeth@ifc.org
IFC Helps Nepal Introduce Licensing e-Portal to Stimulate Business Growth
Kathmandu, Nepal, August 26, 2012
—IFC, a member of the World Bank Group, is partnering with the government of Nepal to introduce an e-portal of business licenses to make it easier and faster to start a business in the country, boosting economic growth and investment.
The Nepal e-portal of licenses, hosted by the Nepal Information Technology Center at
http://licenseportal.gov.np
, is a one-stop solution with a comprehensive inventory of 130 licenses and related information on starting and operating a business. The South Asia Enterprise Development Facility, managed by IFC in partnership with the UK government and the Norwegian Agency for Development Cooperation, is supporting this initiative.
Keshab Man Shakya, Nepal Minister of Science, Technology and Environment, said, “The e-portal will encourage owners of new businesses in remote areas to obtain business licenses, and motivate owners of previously established informal businesses to register, given the new ease of doing so.”
Through the portal, Nepalese entrepreneurs, including non-resident and foreign investors, can get all the official information needed to apply without having to visit the offices of the different licensing agencies, saving considerable time and money.
“The e-portal will improve government services to businesses, enhance transparency, and create an enabling environment for local businesses to grow and thrive,” said Pavol Vajda, IFC’s Acting Resident Representative in Nepal.
IFC is committed to Nepal’s private sector development. Important initiatives by IFC include supporting the country’s public-private dialogue platform; expanding access to affordable financial services; and mitigating climate change through climate-resilient agriculture and sustainable financing.
About IFC
IFC, a member of the World Bank Group, is the largest global development institution focused exclusively on the private sector. We help developing countries achieve sustainable growth by financing investment, mobilizing capital in international financial markets, and providing advisory services to businesses and governments. In FY12, our investments reached an all-time high of more than $20 billion, leveraging the power of the private sector to create jobs, spark innovation, and tackle the world’s most pressing development challenges. For more information, visit
www.ifc.org
.
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