PM Oli's visit to Spain: An opportunity to attract investment for sustainable development

Kathmandu, June 27: Preparations have been completed for Prime Minister KP Sharma Oli's official visit to Spain beginning tomorrow.     

PM Oli is set to pay a visit at the friendly invitation of United Nations Secretary-General Antonio Guterres and Spanish Prime Minister Pedro Sanchez for the 'International Conference on Financing for the Development of the United Nations (FFD-4)' to be held in Seville, Spain, from June 30 to July 3.     

Leaders of governments from around the world, global and regional organisations, financial and trade institutions, businesspeople, civil society, and relevant representatives of the United Nations system will participate in this conference on financing for development.     

At the event, Nepal will advocate for raising the voice of the least developed, small, and island nations. The conference will also discuss the implementation of investment commitments made by rich countries for poor and small nations.     

Prime Minister Oli's chief political advisor, Bishnu Prasad Rima,l said that Prime Minister Oli is going to participate in this forum as it is important for promoting international cooperation for the achievement of the Sustainable Development Goals set by the United Nations by the year 2030.     

Stating that the preparations for the Prime Minister's visit are complete, Ministry of Foreign Affairs spokesperson Lok Bahadur Poudel Chhetri said the conference will focus on the challenges of immediate and long-term assistance and investment necessary for sustainable development by improving the global financial structure.     

Chhetri stated that the conference is of utmost importance between developed countries and developing and the least developed countries regarding sustainable development, financing for development, and particularly, development assistance, investment, and technology transfer; hence, high priority and high-level participation will be crucial.     

He shared that this would be Nepal's unique role in the context of it chairing the international coordination of least developed countries.     

During the visit, Prime Minister Oli would deliver a statement at the conference. The Prime Minister would pay a courtesy call on Spain's King Philip II and his Spanish counterpart Sanchez, as well as hold a sideline meeting with leaders of other countries of the world.     

PM Oli is leaving for Madrid via Qatar on Saturday evening to participate in the conference scheduled from June 30 to July 3. He will return home on July 4.     

It is believed that the high-level visit from Nepal would contribute to increasing investment from developed countries in Nepal and attract tourists from European countries, including Spain.

The 21-member delegation includes First Lady Radhika Shakya, PM's Chief Advisor, Bishnu Prasad Rimal, Foreign Secretary Amrit Bahadur Rai, Secretary at the Finance Ministry, Ghan Shyam Upadhyay, Secretary at the Office of the Prime Minister and Council of Ministers, Raj Kumar Shrestha, PM Oli's Chief Personal Secretary Rajesh Bajracharya, PM's private doctor Dr Smriti Shakya, among others.     

Similarly, an additional eight people from Spain and New York would join the Nepali delegation, which includes—Nepali Ambassador to Spain, Shanil Nepal, Permanent Representative of Nepal to the United Nations, Lok Bahadur Thapa, among others. (RSS)