KATHMANDU: In a bid to revitalize the national economy and improve the ease of doing business, the government has announced a sweeping set of financial policy reforms through the budget for the upcoming fiscal year 2026/27.
Presenting the budget statement before a joint session of the Federal Parliament, Finance Minister Dr. Swarnim Wagle unveiled several strategic programs aimed at fostering a competitive business environment, attracting foreign capital, and integrating Nepali enterprises into the global financial ecosystem.
A major highlight of the announcement is a new provision that will allow companies listed on the Nepali securities market to list on foreign stock exchanges.
Finance Minister Wagle stated that the government will facilitate the issuance of ‘Global Depositary Receipts’ (GDRs), enabling eligible domestic companies to access international capital markets after fulfilling specified regulatory procedures.
To further boost investment promotion, the budget outlines the drafting of a Limited Liability Partnership (LLP) law, which is expected to drive funding into angel investments, venture capital, and private equity funds.
Furthermore, the government plans to make provisions more accessible for Nepali citizens looking to invest abroad.
In tandem with expanding market access, the new budget places a strong emphasis on legal frameworks and investor protection.
The Finance Minister announced that a dedicated Debt Recovery Law will be introduced to streamline business operations and protect creditors.
Additionally, the government plans to amend the Insolvency Act to address and resolve the financial distress faced by consumers as well as cottage, small, and medium enterprises (CSMEs).
To strengthen international commercial ties, Dr. Wagle affirmed that Nepal will actively pursue Foreign Investment Protection and Double Taxation Avoidance Agreements (DTAA) with various partner nations in the upcoming fiscal year.