Positive Environment For Investors: Governor

Positive Environment For Investors: Governor

Dec. 14, 2013, 5:45 p.m. Published in Magazine Issue: Vol: 07 No. -12 Dec. 13- 2013 (Mangsir 28, 2070)

Governor of Nepal Rastra Bank Dr. Yubraj Khatiwada has said that there is the need of private sector support to build a strong economic base. Addressing the 42th general assembly of Morang Industrial Association, governor Dr. Khatiwada stressed the need to invest more in the present context when the economic indicators of the country are performing well.  "Although the trade balance is negative, there are many positive developments in the national economy, including the balance sheet, foreign currency reserve and management," said Dr. Khatiwada.

Along with economic infrastructure, economic indicators are also positive, Dr. Khatiwada said, adding there is no risk for private sector to invest in Nepal.

"Due to political instability, the private sector have spent their time for long in a mood of wait and see. Now the situation has changed following the elections for CA," said Khatiwada. "The private sector needs to take the social responsibility to increase their investment for development."

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