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Nepal Chamber of Commerce and high-level representatives of the International Monetary Fund (IMF) have discussed the current economic situation of Nepal, the difficulties faced by the private sector, the budget for the next fiscal year, etc.
In the program held on Thursday at the Chamber Building in Jamal, Kathmandu, the industrial and commercial environment of the country, the post-Covid economy, the budget and monetary policy for the next financial year were discussed.
Chamber President Kamlesh Kumar Agarwal told the IMF representative that the budget for the next financial year to address the current problems of the economy has given rise to hope in the private sector. "The government has brought the budget for the next financial year based on the report of the High Level Economic Reforms Suggestion Commission and the suggestions given by the private sector," he said, "The budget is balanced overall." We have suggested to the government to make the implementation process effective.
President Agarwal emphasized that monetary policy should be facilitated accordingly to meet the budget target of 6 percent economic growth.
Chairman Agarwal said that the private sector has suffered huge losses due to the restrictive policies adopted after the Covid-19 and the same policies are also the cause of the current economic stagnation.
Although the country's economy is under some pressure, President Agarwal said that he is confident that most of the problems will be solved if the upcoming budget is implemented effectively.
IMF Mission Chief Dr. In the meeting with the chamber officials, the delegation led by Jaan raised questions about the current economic situation of Nepal, the problems faced by the private sector, the budget and monetary policy for the next financial year.
