"Govt,private sector should come together to resolve economic problems"

KATHMANDU, DECEMBER 14: Finance Minister Janardan Sharma has said the government is committed to resolving anomalies seen in the country's economy. Addressing the 13th annual general meeting of the Nepalese Association of Financial Journalists (NAFIJ) here today, the Finance Minister said so. "Such problems have stemmed not only from internal factors but also from external ones, he expressed the view that the government and private sector should move ahead together to improve the economic situation."

He also assured that the government has taken the private sector as its part and the suggestions by the private sector would always be incorporated into the government's policy.

The minister further said that the newly elected people's representatives should carry out development activities on the basis of priority. "Common citizens in the country are desperately seeking for such activities.

Speaking at the same occasion,the Governor of the Nepal Rastra Bank, Maha Prasad Adhikari, opined that although the private sector is facing a liquidity crunch, this would not last forever. Such a crunch in the market has started to ease to some extent in the recent period. He also stressed the need for serious thinking over concerns of the private sector for the state to intervene to end problems seen in the country's economy. "The private sector wants the state to directly intervene with the country's economy. But, there may be a counterproductive. The balance in one sector may get disturbed while carrying out reforms in another. So, all things cannot be corrected at once," he said.

Senior Vice President of the Federation of Nepalese Chambers of Commerce and Industry Chandra Dhakal underscored the need for prioritizing the economy instead of politics. " The economic sector is being dogged by high Inflation, liquidity crunch., etc., which call for an urgent attention.

. Senior Vice President of the Nepal Chambers of Commerce and Industry Kamalesh Kumar Agrawal viewed that the government should stay away from collecting internal loans at a time when there is a liquidity crunch. "Doing so may further aggravate this problem."