KATHMANDU: President of the Federation of Nepalese Chambers of Commerce and Industry (FNCCI), Chandra Prasad Dhakal, stated that the formation of a government by the two major parties in parliament has boosted the enthusiasm among investors, industrialists, and the general public.
Dhakal noted that political and policy instability has been a major obstacle to increasing investment in both domestic and foreign sectors.
He expressed optimism that the collaboration between the two largest parties in parliament would boost investor confidence and stimulate economic activities.
“Our economy has been weakened by various factors following the COVID-19 pandemic. Despite policies implemented by various state bodies, political instability has been a significant issue. Now, with the formation of a government by the two major political parties in parliament, internal and external investors, industrialists, and the general public can experience increased enthusiasm and confidence. This can help revitalize the economy,” Dhakal said.
With the collaboration of the Nepali Congress (NC) and CPN-UML, UML Chairman KP Oli has become the Prime Minister.
The newly appointed Prime Minister formed a 22-member cabinet on Monday.
Dhakal mentioned that Oli’s prompt completion of the cabinet and his directive for ministers to focus on results have sent a positive message to the private sector and the overall economy.
Private sector pleased with Bishnu Poudel’s appointment as Finance Minister
Additionally, Dhakal noted that the private sector views the appointment of Bishnu Poudel, an experienced and market-preferred finance minister, positively.
“Bishnu Poudel is an experienced individual as Finance Minister. He has already established himself as a successful finance minister. We believe he is capable of addressing the current economic challenges. The private sector is always ready to cooperate with him to resolve the current economic issues,” Dhakal added.
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