Nepal Chamber President Stresses Need for Investment Promotion and Security Guarantees to Boost Private Sector
Summary
Kamlesh Kumar Agrawal, President of the Nepal Chamber of Commerce, called for effective investment-friendly policies and security guarantees to boost Nepal's private sector and economic growth.
Key Points
- Kamlesh Kumar Agrawal emphasized the need for effective policies to promote investment and guarantee security for the private sector.
- He highlighted that lack of investment-friendly policies has hindered economic growth, job creation, and financial stability in Nepal.
- Domestic investors require assurances similar to bilateral agreements made for foreign investors.
- Outdated monetary policies have pushed over 150,000 entrepreneurs into bad loans over the last four years.
