Investment Board Nepal (IBN) is a high-level government agency established to facilitate public-private partnership and private investments, particularly foreign direct investment (FDI) in Nepal. It was established through the Investment Board Act, 2011 and was reconstituted by introducing the Private Public Partnership and Investment Act (PPPIA) in 2019. The IBN is responsible for approving investment of NPR 6 billion or above for infrastructure development and provides hand holding facilities to investors in Nepal.
Right Honorable Prime Minister heads the IBN board as its Chairperson and the Honorable Minister for Finance is its Vice-Chairperson. The Chief Executive Officer (CEO) is the board’s member secretary and is appointed by cabinet through a competitive process for a tenure of four years. Click here to know the composition of the board.
The PPPIA provides two broad mandates to IBN: (a) To act as the national investment promotion and facilitation agency, providing ‘one-stop service’ for private sector investors, (b) To approve FDI of NPR 6 billion (Approx. USD 60 million) or above, carry out project studies, develop and manage (both solicited and unsolicited) projects under the public-private partnership (PPP) or private investment model as per the prevailing Act. The IBN also approves investments for the development of energy projects with a capacity of 200 MW or above.
The Office of the Investment Board Nepal is the secretariat for the Investment Board Nepal (IBN), and is headed by its Chief Executive Officer (CEO) who is appointed through a competitive process for a period of four years. The OIBN has a team of people who are assigned for specialized services to investors. The OIBN has separate units for looking after private public partnerships (PPP), investment promotion, stakeholder engagement, and environmental and social compliance, among others.
Following are the hydropower projects, being handled by OIBN: