KATHMANDU: Finance Minister Swarnim Wagle has said the government is working to strengthen good governance in order to remove Nepal from the FATF Grey List.
Speaking during a meeting with representatives of the Stock Broker Association Nepal on Monday, Wagle said the government is committed to governance reforms required to exit the grey list.
He said some investigations currently underway are older cases that are now reaching their final stages, stressing that those involved in wrongdoing will not receive impunity, while also assuring that actions will not be driven by selective retaliation.
Wagle also said the government and the Rastriya Swatantra Party are not opposed to the private sector, describing the administration as private-sector friendly.
He further claimed that the upcoming national budget would be one of the most transformative and historic since 1990, expressing optimism about the country’s economic prospects.
“The golden period for Nepal’s economy is approaching. No one should follow rumours or misinformation,” he said, urging investors not to be influenced by speculation surrounding the share market.
During the meeting, representatives of the brokers’ association told the finance minister that some individuals exiting the market or attempting to accumulate shares have been spreading rumours that could influence the market. They also stressed the need to introduce measures that would make it easier for institutional investors to participate in the market.
Comment