Nepal hosted a national consultation in preparation for its participation in the upcoming Fourth International Conference on Financing for Development (FfD4), with key national and international stakeholders emphasizing the importance of inclusive global financing and sustained support for countries in transition.

Speaking at the event, UN Resident Coordinator Hanaa Singer Hamdy underlined the significance of the FfD4 outcome document, the Compromiso de Sevilla, which aims to create a renewed global financing compact. She emphasized that multilateralism is evolving—not fading—and called for collaborative efforts to shape a more equitable global financial system.

With Nepal nearing its graduation from the Least Developed Country (LDC) category, discussions focused on ensuring a smooth and sustainable transition. The UN official stressed that while graduation marks progress, Nepal continues to face structural challenges, including climate vulnerability, economic reliance on remittances, and limited industrial capacity.

The consultation highlighted Nepal’s proactive role in the FfD4 process, led by the Ministry of Finance with support from the United Nations. Since 2023, Nepal has engaged a broad range of stakeholders—from government agencies to youth groups and development partners—to contribute to the FfD4 agenda.

Key recommendations from the event included advocating for inclusive trade rules, securing post-graduation support mechanisms, attracting sustainable investment, and mobilizing domestic resources. Nepal's recent steps, such as legislative reforms, a sovereign credit rating, and the development of an Integrated National Financing Framework, were noted as part of its broader transition strategy.

Participants agreed that Nepal’s graduation is not just a national milestone but a symbol of progress for other LDCs, particularly those facing similar vulnerabilities. The conference served as a platform to reaffirm Nepal’s commitment to shaping a resilient and inclusive development path.