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Kathmandu, Nepal, April 10, 2023: Prime Minister Pushpa Kamal Dahal has made a commitment to resolve the ongoing problems seen in the country’s economy coordinating with the private sectors.
‘The government has vigorously been working to resolve the problems seen in the country’s economy,’ Prime Minister Dahal said while addressing the 72nd Annual General Meeting of the Nepal Chamber of Commerce in Kathmandu on Monday.
During his address Prime Minister Dahal, who is also the chairperson of the ruling head CPN (Maoist Center), urged the private sectors to cooperate with the government to resolve the ongoing problems seen in the country’s economy.
‘The government wanted the same level of support from the private sector for economic reforms,’ Prime Minister Dahal said ‘the contribution of the private sector is important in running the nation’s economy.’
During his address, Prime Minister Dahal also claimed that the three tiers of the governments will forge coordination with the private sector while formulating their plans and policies.
Underlining the role of the Private sectors, Prime Minister Dahal said ‘two-thirds of the total investment is from the private sector.’ ‘The private sector has been playing a progressive role in the supply of essential goods and services as well as in increasing productivity and employment, he said.
‘The private sector has a significant role in achieving Nepal’s goal of graduating from a least developed country by 2026 and the sustainable development goals (SDGs) by 2030,’ Prime Minister Dahal said stressing on the need of prioritization of the areas of investment for over-all development of the nation.
‘Significant progress is seen in various sectors related to the economy in recent years, however, the multi-dimensional poverty is decreasing despite significant progress has been made in the education sector, gender empowerment, drinking water facilities, and access to power, among other sectors,’ he said.
Failure to increase domestic production and employment will hamper the sustainable development of the economy; Prime Minister Dahal had a saying.
Speaking at the same function, Finance Minister Dr. Prakash Sharan Mahat also underlined the need of moving ahead with the confidence to improve and make progress in the country’s economy.
‘The country’s economy was not much in bad shape, only a negative picture of the economy is being painted,’ Finance Minister Dr. Mahat said underling the need of optimism against of the narratives of the pessimistic outlook.
Similarly, Minister for Industry, Commerce, and Supplies, Ramesh Rijal also underlined the need of proactive role to be played by the private sector to improve the country’s economy.
The private sector has an important role in making the national economy good, the government only can facilitate in formulating policies and rules, minister Rijal said pledging to do his best to feel the problems facing the private sector.
During the function Chairperson of the Nepal Chamber of Commerce, Rajendra Malla blamed the monetary policy for weakening the national economy. ‘The economy has not taken the expected pace due to a lack of coordination in the monetary and fiscal sectors, he said.
