Finance Minister Vows To End 'Policy Capture' and 'Lootocracy'
Summary
Finance Minister Dr. Swarnim Wagle announces government commitment to end policy capture and lootocracy, improve governance, and reform laws to support honest business in Nepal.
Key Points
- Finance Minister Dr. Swarnim Wagle vows to end policy capture and lootocracy in Nepal's economy to establish good governance.
- The government is implementing macro and micro reforms targeting institutional capture and improving public service delivery digitally.
- Private sector criminals will not be spared; honest entrepreneurs are encouraged amid arrest of controversial businessmen.
- Administrative reforms include abolishing the Revenue Investigation Department and repealing outdated laws to foster a conducive business environment.
