KATHMANDU: Prime Minister KP Sharma Oli said we should not fear of taking loan for the development of the country.

Speaking on government’s policies and programs at the federal parliament on Tuesday, Prime Minister Oli said the country which is highly developed has the highest amount loans, too, referring to America.

“The United States of America (USA) is the most developed country in the world and it has the highest amount of loan, too,” said Oli.

If we want to prosper and do something, we should not shy away from taking foreign loan.

Meanwhile, Oli said the national economy has increased by seven percent in the current fiscal year.