Vice President Dahal Praises Diaspora Bond Plan to Boost Homeland Development

Lokprasad Dahal, Vice President of the Non-Resident Nepali Association (NRNA), stated that the government’s proposed annual diaspora bond worth one hundred billion Nepalese rupees is laying a vital foundation for contributing significantly to the development of the homeland. Dahal emphasized, “Strong collaboration between the government, NRNA, and the private sector will be the key factor in channeling diaspora capital into nation-building.” April 21, Kathmandu.

Through social media, Vice President Dahal said, “Specifically, the government’s plan to introduce an annual diaspora bond worth one hundred billion rupees establishes a fundamental basis to connect the capital of 8 million Nepalis residing abroad with the development of their motherland.” He noted that due to low participation in previous foreign employment savings bonds, a trustworthy and attractive investment model is required this time.

Dahal further added, “Experts have proposed a collective investment fund concept that includes investors ranging from small to large, as well as Nepalis holding foreign passports.” He highlighted the strong potential to transform over one trillion rupees of economic resources abroad into Nepal’s prosperity by investing in sectors like hydropower, infrastructure, agriculture, and tourism.

The Vice President observed that the recent unity within the NRNA has injected renewed hope and enthusiasm for diaspora investment. After the recent general convention held in Kathmandu, where new leadership was selected, past internal disputes have been resolved, and the association is moving forward with positive energy.