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Nepal Government in its 10th Five Year Plan (2003-2007) and Poverty Reduction Strategy Paper emphasizes the importance of the private sector in promoting broad based economic growth.

The Government of the Federal Republic of Germany has responded to this priority in setting up a joint project office for its’ Private Sector Promotion (PSP) and Rural Finance Nepal (RUFIN) Projects. Which are jointly implemented with support of the German Technical Cooperation (GTZ) and partly for PSP the Foundation for Economic Development and Vocational Training (SEQUA). Counterparts are the Industrial Enterprise Development Institute (IEDI) and the Agricultural Development Bank Ltd. (ADBL)

Through combining knowledge and resources both in the fields of private sector promotion and rural finance, a holistic and impact oriented technical assistance “facilitating economic growth for sustainable development” is provided.

Major partners include private businesses, public institutions, business membership organisations, Agricultural Development Bank Ltd., Sana Kishan Bikas Bank, Development Boards, Donors, NGOs and INGOs.

Project Objective

Enhancing the competitiveness of Nepal’s private sector to generate income and employment growth, by facilitating

rural access to financial and non-financial services
competitiveness in selected sub sectors and value chains
business membership organisations to provide quality services
local economic development initiatives

PSP/RUFIN lays special emphasis on developing and applying conflict sensitive and conflict transformation approaches.

 

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