२५.१२°C काठमाडौं
"Economy improves only with private sector promotion policy"
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Chandra Prasad Dhakal, President of Federation of Nepal Chamber of Commerce and Industry, has said that policy stability is necessary for the private sector to work smoothly. In the meeting with the mission of the International Monetary Fund, President Dhakal asked the IMF to give policy suggestions and prepare policies by understanding Nepal's economy and social structure.
"The structure and character of the Nepalese economy is somewhat different," he said, "if policies cannot be made accordingly, reforms will be delayed." Dhakal also said that despite the high liquidity in the banking system and reduced interest rates, the demand for investment from the private sector is low.
The federation has urged banks to provide flexibility to lend on their own terms, and excessive regulation could lead to a decline in confidence in both the banking sector and private businesses, he said.
During the last investment conference, Dhakal informed that eight laws have been amended to increase investment and a draft of a bilateral investment agreement has also been prepared.
President Dhakal urges that the fund should support the promotion of Nepal even in the case of high foreign exchange reserves and positive balance of payments, which is not attracting foreign investment. During the meeting, the head of the mission, Sarawat Jahan, said that the funds have come to support Nepal. He also said that the fund is always positive about giving importance to the private sector.
प्रकाशित : भाद्र ३०, २०८१ ०७:२५
