Kathmandu, Feb. 18
Finance
Minister Janardan Sharma ‘Prabhakar’ said on Friday that Nepal should enhance
cooperation with the Asian Development Bank (ADB) to increase the international
market of Nepali goods.
In a virtual
discussion with Dr. Wan Farisan bin Wan Sulaiman, Executive Director of the ADB
who represents Nepal, Malaysia, Singapore, Thailand and Brunei, FM Sharma
suggested for greater cooperation with the ADB to promote Nepal’s foreign
trade.
“Nepal is
exporting a small amount of goods. The ADB can help us enhance the size of
export,” he said, according to a statement issued by his secretariat.
The Finance
Minister said that Nepal should improve its economic and trade indices. “For
that, we need to create investment-friendly environment in the country and
promote the private sector to establish and expand business and investment,” he
stated.
Expressing
gratitude to the ADB for its support to control the COVID-19 pandemic and
implement reforms in the Nepali economy, he said that Nepal needs more support
for the post-pandemic economic revival.
Meanwhile, FM
Sharma has urged the newly appointed chairman Ramesh Kumar Hamal to work
independently without succumbing to the interest of any power.
Administering
the oath of office to the latter, he said, “There are many tasks to do to
implement reforms in the capital market. I am hopeful that you will function
independently to make them happen,” he said.
Published in The Rising Nepal daily on 19 February 2022.
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