‘Multi-sectoral dialogue a must’

Kathmandu, April 16:

Experts and entrepreneurs have urged government to initiate a multi-sectoral dialogue — including private sector and concerned stakeholders — to frame new economic policies.

Speaking at a symposium ‘New Nepal: an Economic Perspective’ organised by the National Business Initiative (NBI) here today in the valley, they underscored the need of rapid socio-economic development after the successful constituent assembly (CA) elections.

Stressing the need of public-private partnership to lure domestic and foreign investment, economic development and enhancement of competitiveness of the private sector, they called for economic revolution.

“The successful constituent assembly elections now paves the way for economic revolution,” they said adding that it should be clearly stated in the constitution.

Ian Martin, chief of the UNMIN, said that the CA election is not the final destination.

“Though it has been successfully held, the people’s aspirations and needs are yet to be addressed, which is more challenging,” he said, adding that peace and development are complementary to each other.

“UNMIN would continue its support to Nepal for peace process and socio-economic development,” he added. Martin also suggested that Nepal should, now, concentrate its effort on poverty reduction.

Making a presentation on ‘Present economic scenario and role of private sector’, Kush Kumar Joshi, president of FNCCI, said that the government should take the private sector in its confidence for the economic development.

He suggested that the government should play a catalytic role to facilitate private sector’s involvement in economic development as well as ensure conducive environment for economic activities.

“Infrastructure development, assurance of peace and security, control of inflation, reform on taxation and implementation of effective policies and laws are the major challenges for the new government,” Joshi said.

Prof Yashpal Ghai, a constitution expert noted that the betterment of people and rapid economic development is possible only when a country has a ‘good constitution’.

“The country’s economic prosperity will determine on how the state ensures equitable distribution of resources and power, and takes the private sector into its confidence for the development,” he said, adding that the corruption must be rooted out.

Padma Jyoti, president of NBI, said that the private sector should also be incorporated in the constitution making process.

“The private sector could play a catalytic role in making prosperous Nepal,” he added.