PM looks to private sector to lift economy
Summary
Prime Minister Balendra Shah has initiated formal consultations with Nepal's private sector to boost economic growth and restore business confidence after his first 100 days in office.
Key Points
- Prime Minister Balendra Shah has begun structured meetings with private sector representatives to revive Nepal's sluggish economy.
- The government aims to foster economic growth by institutionalizing regular dialogue with business leaders through a coordination committee.
- Business leaders raised concerns over economic slowdown, investment decline, and legal issues affecting investor confidence.
- The prime minister emphasized support for legitimate investment and committed to economic reforms targeting a 7% annual growth and increased per capita income within five years.
