World Bank Country Director David Sislen said that solving the problems of public transportation, river pollution, and drinking water in the Kathmandu Valley is essential.
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World Bank Country Director David Sislen has said that the development of the Kathmandu Valley is essential to achieve 7 percent economic growth in Nepal. The government has set a target of 7 percent economic growth in its policy and program for the upcoming fiscal year.
‘Most jobs are created in Kathmandu, the chaotic public transport system in the valley should be improved, and river pollution here should be reduced,’ he said, ‘the extreme shortage of drinking water should be addressed.’ He expressed surprise that the current per capita daily drinking water consumption in the valley is only 40 liters.
‘Kathmandu should be developed as a livable, competitive and future job-creating center for Nepali and foreign investors,’ Sislen said. He was of the opinion that reforms in the tax system, simplification of the profit repatriation process, and political stability are necessary to attract investment in Nepal. He also pointed out that data protection laws need to be formulated for the development of the digital sector.
