Kathmandu, Nov. 3
The Nepal Rastra Bank (NRB) and the Federation
of Nepalese Chambers of Commerce and Industry (FNCCI) have signed a Memorandum
of Understanding (MoU) to cooperate in creating macroeconomic policies and
strengthening the industrial and business environment in the country.
Executive Director of Research Department of
the NRB Dr. Prakash Kumar Shrestha, and Director General of the FNCCI Gokarna
Raj Awasthi signed the MoU at a programme organised on Friday at the central
bank in Kathmandu.
Governor of the NRB Maha Prasad Adhikari and
President of the FNCCI Chandra Prasad Dhakal were present on the occasion.
According to the agreement, the NRB and the
FNCCI will conduct study and research based on facts and data on various
issues. Governor Adhikari said that this understanding has created an
opportunity for cooperation between the two institutions, and expressed his
belief that the participation of the private sector in policymaking will
increase in the future.
Dhakal thanked the central bank for its
cooperation with the private sector and said that the MoU will help in creating
a policy based on reality in the future. He also expressed his belief that it would
help in transmitting right information.
According to the agreement, the FNCCI and its
member organisations will provide necessary information in the studies
conducted by the central bank, while the technical assistance of the latter will
be provided in the studies conducted by the Federation.
The two institutions will collaborate in
conducting joint study and research as per the need.
A facilitation cell will be created for the
implementation of the agreement which will be valid for five years.
Deputy Governor of the NRB Dr. Neelam
Dhungana, Senior Vice-President of the FNCCI Anjan Shrestha, vice-presidents
Surkrishna Vaidya, Hemraj Dhakal and Jyotsna Shrestha were present at the
signing ceremony.
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