Inflow of the foreign direct investment (FDI) has climbed up in the current fiscal year (FY).
The Current Macro Economic and Financial Situation report based on the first six months data published by the Nepal Rastra Bank (NRB) revealed that inflow of FDI amount went up by 44 per cent in the first six months in comparison to the same period of the previous FY.
The report put an exciting figure of Rs. 11.6 billion accumulated in the first six months of the current FY as the amount in the same period of the previous FY had remained decently Rs. 8 billion. In contrast, the inflow of the FDI had slipped from Rs. 12.2 billion in the FY 2019/20 down to Rs. 8 billion in the FY 2021 following the lockdown owing to the COVDI-19 pandemic.
In addition to the encouraging accumulation of the FDI inflow, the repatriation of the investment also came down in the current FY. The NRB report showed that repatriation amount slipped down by (-34) per cent on year on year (YoY) basis in the current FY in comparison to the same period of the previous FY.
In the current FY, the total figure of repatriation amount came down to Rs. 260 million from Rs. 396.7 million as recorded in the same period of the previous FY.
With the exciting inflow of FDI, the net stock of FDI added up by Rs. 11.3 billion and sprang up by 48.1 per cent in the current FY in comparison to the same period of the previous FY.
Source : TRN,
