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Deputy Prime Minister and Finance Minister Bishnu Paudel has said that it is sad that government projects are not completed on time. He said that the government is going to make policy arrangements about alternative finance for infrastructure development.
'By doing this, institutional investment in long-term infrastructure plans can be increased,' he said on the occasion of the National Management Convention organized by Nepal Management Association in Kathmandu on Saturday.
Chandra Prasad Dhakal, President of the Federation of Nepal Industry and Commerce, said that a clear political system and strong political commitment are necessary for Nepal's infrastructure development. In the session on 'Mobilization of Domestic Resources for Infrastructure Financing' under the convention, President Dhakal emphasized that common views are needed among political parties on the issue of development.
He said that the amount of institutional investment in the infrastructure development of a developing country like Nepal is very low and it is necessary to increase such investment. He is of the opinion that proper development has not taken place in Nepal due to unequal views between parties and lack of coordination between intergovernmental bodies.
We do not see uniformity among political parties in the approach of development. The country cannot be developed by doing one thing while in power and another when out of power," he said. "There is a lack of coordination in the intergovernmental bodies. On the other hand, there are many oversight agencies in government agencies. All this needs to be improved for development.'
