Cooperative Problem Resolution Efforts Stall Due to Conflicting Interpretations
Summary
Cooperative problem resolution efforts in Kathmandu are stalling due to conflicting interpretations of new working procedures, making it unlikely for problematic cooperatives to return to member management soon.
Key Points
- Efforts to return problematic cooperatives to shareholder management are failing due to conflicting interpretations of new criteria.
- Two separate working procedures issued in Jestha 2083 aimed to facilitate savings repayment and cooperative restructuring.
- Directors believe repaying savings for a majority of small savers is feasible, but committee's interpretation demands depositing 60% of total savings before operation.
- The committee's strict deposit requirement has made it nearly impossible for cooperatives to be released from problematic status, undermining resolution efforts.
