Saturday, July 6, 2019

Inclusive policies help in economic growth: Dr. Khatiwada


South Asia Public Policy Conference starts

Lalitpur, July 4
Finance Minister Dr. Yuba Raj Khatiwada said on Thursday that public policies could contribute to the economic growth when participation of larger section of population was ensured.

"Participatory policy making can help in the national development efforts," he said while addressing the third conference on 'Public Policy and Governance in South Asia: Expanding public choices and market opportunities' here.

Addressing the first session of the two-day conference, he pointed towards the need of providing better alternatives right from the policy formation initiative.
To make the growth inclusive, public policy should also be the like but the capacity should be an important element of inclusiveness, he said.

Dr. Khatiwada suggested including the role of the private sector and cooperatives while formulating policies. "We must give the work which the private sector is capable of to it. The public sector must move ahead in collaboration with the private sector," he said.

According to him, cooperatives may have an important role to play in the areas where the government has not reached, and the private sector does not want to go due to profit risks.

The Finance Minister said that taxation system and financial resource management are important topics in public policy creation. "In a country like Nepal, where social security is implemented, the taxation system should support in fulfilling the liability of the welfare responsibilities as well," he said.

Likewise, Minister for Federal Affairs and General Administration Lal Babu Pandit said that poverty was forcing the countries in the South Asia to increase productivity and unemployment was forcing to create more employment through development efforts.

"At the same time, it has also forced the youth to leave the country in search of jobs abroad thus we are facing brain drain," he said while addressing the inaugural session of the conference.

He urged the policy makers to support in creating coherence in education system and market demand.
"We are facing a challenging situation where educated human resource is unemployed while there is a shortage of manpower in several sectors. Our education system and the demand of market do not match," he said.

According to him, all south Asian countries are facing a similar challenge while delivering public service. "Need of a country must be the supreme priority for both the people and governments and they need your support in guiding the policy initiatives in the region, increasing the quality of services of the government."

The resolution of this conference might be useful for Nepal as we have recently embraced the federal system from the unitary system of governance, he said.

Professor at the North South University of Bangladesh Tawfique M Haque said that understanding each other and increasing business and people exchanges were important in South Asia.

Similarly, Vice Chancellor of the Kathmandu University Prof. Dr. Ram Kantha Makaju stressed on the need to focus on policy research and training as they were requisites for robust public policy building.

The event is jointly organised by Nepal Administrative Staff College, BRAC Institute of Governance and Development Bangladesh, Institute for Social and Environmental Transition Nepal, Institute of Public Enterprises India, Niti Foundation Nepal, North South University Bangladesh and Southasia Institute of Advanced Studies.


Published in The Rising Nepal daily on 5 July 2019. 

No comments:

Post a Comment

Featured Story

Govt prepares primary draft of DRR Policy

Kathmandu, Apr. 29: The government has prepared the preliminary report of the National Disaster Risk Reduction (DRR) Policy and Strategic ...