World Bank Country Director David Sislen has said that government investment alone is not enough and that active participation of the private sector in infrastructure development is essential.
We use Google Cloud Translation Services. Google requires we provide the following disclaimer relating to use of this service:
This service may contain translations powered by Google. Google disclaims all warranties related to the translations, expressed or implied, including any warranties of accuracy, reliability, and any implied warranties of merchantability, fitness for a particular purpose, and noninfringement.
David Sislen, Country Director for Nepal, Maldives and Sri Lanka for the World Bank, said that it is necessary to mobilize the private sector as a partner in infrastructure development, rather than relying solely on government investment. He suggested that Nepal's economic prosperity requires a change in the way it views the private sector. Cislen said that Nepal should accept the private sector as an engine of development, citing the example of neighboring India changing its attitude towards the private sector in the past. "Social media is still viewed negatively," he said. "We need to regulate and manage the private sector and collaborate with them." Cislen said that Nepal is currently at a crucial juncture of economic change, and that concrete signs seen in the next 12 to 18 months will determine the country's direction.
