Finance Minister Urges Private Sector Not to Be Afraid, Pledges Policy Reforms
Summary
Finance Minister Dr. Swarnim Wagle urged the private sector not to fear and pledged policy reforms to boost Nepal's economy toward a $100 billion goal with private sector leadership.
Key Points
- Finance Minister Dr. Swarnim Wagle urged the private sector not to be afraid, emphasizing its role as the backbone of Nepal's economy.
- The government plans to end kleptocracy, syndicate, and license raj, and dismantle policy structures that intimidate the private sector.
- Nepal aims to grow its economy to $100 billion in the next seven years, largely driven by private sector investment and employment.
- Policy reforms include creating independent, transparent regulatory bodies and ensuring an equitable tax system in the forthcoming budget.
