Friday, February 21, 2020

Khatiwada assures US congressmen of MCC approval


Kathmandu, Feb. 20
Finance Minister Dr. Yuba Raj Khatiwada has assured the congressmen from the USA that the Millennium Challenge Compact agreement would be ratified from the Parliament.
"There is no doubt that Nepal needs the US grant support, so it would get the legislature's approval," he said in a courtesy meeting with congressmen duo George Holding and Ami Bera at his office at Singhadurbar on Thursday.
The Finance Minister also said that Nepal needed additional support in institutionalising federalism. “We are working to make public service in federal setup more qualitative, effective and technology-friendly and we need more support for it,” he said to the congressmen.
He expressed gratitude for the long-lasting US support in education, health and agriculture.
Dr. Khatiwada also informed the guests about Nepal's development priority, economic status and efforts to create an investment-friendly environment.
"Nepal is an appropriate destination for investment as the products produced here will not have any problem of finding the markets since it lies between the two largest markets in the world," he said and thanked for the enthusiastic participation of the US investors in the Nepal Investment Summit organised last year.
The congressmen had inquired about the Nepali economy, role of the private sector, development priority and government's work in it.
Published in The Rising Nepal daily on 21 February 2020. 

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