In a bid to improve Nepal’s economic status and increase the country’s development pace, the Nepal Congress (NC) has approved a comprehensive economic policy.
According to the Nepali Congress’ statement, members of the ongoing Central Working Committee meeting approved the ‘new economic policy’ after thorough consideration of CWC members’ feedback and suggestions.
The NC also decided to form a research committee with experts from various economic sectors to review and assess Nepal’s economy over the last 25 years.
“We have received many feedbacks and suggestions from CWC members. After incorporating them, we will present the policy at the upcoming Mahasamiti meeting which is set to convene on Saturday,” said Prakash Sharan Mahat, Panel Lead for NC’s economic policy planning.
The committee will identify best economic practices and suggest a new economic and social policy roadmap that Nepal should implement.
A NC report criticized the economic indicators identified by the KP Oli Government by saying that they were exaggerating and misleading.
NC pointed that the ruling government failed to bring about the expected growth even though it had strong central and provincial governments.
NC expressed concerns over government’s plans in the following areas:
The opposition also blamed the Oli-led government for crony capitalism. NC’s economic reports predicts that such governance cannot utilize foreign investment in Nepal.
As part of its economic policy, Nepali Congress has assured that it will work for comprehensive prosperity and equality through:
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