Bankers meet PM to discuss economic situation

By A Staff Reporter Kathmandu, July 2: A delegation of the Confederation of Banks and Financial Institutions Nepal (CBFIN) has met with Prime Minister Sher Bahadur Deuba.

A CBFIN delegation led by its President Pawan Kumar Golyan on Thursday met with the Prime Minister and briefed him about the policy steps to be taken to improve the current economic situation of the country.

During the meeting, the delegation submitted a report prepared by CBFIN in collaboration with senior economists and banking experts on the problems facing by the banks and financial institutions and suggestions for addressing them to the Prime Minister.

Similarly, the report prepared by CBFIN in collaboration with the Central Department of Economics, 

Tribhuvan University on the impact of the credit flow to the private sector from the banks and financial sector as well as suggestions on various issues in the current economic and financial sectors was submitted to the Prime Minister.

President Golyan urged the Prime Minister to take necessary steps to address the problems and implement the recommendations of the study to achieve the target of      8 per cent economic growth, resolve the present liquidity problems and narrow down the growing trade deficit by promoting export.

Accepting the reports and suggestions submitted by CBFIN, Prime Minister Deuba expressed special interest in the suggestions and reports presented by CBFIN on agricultural sector reform, reduction of trade deficit, import substitution measures and export-oriented goods, capital formation and mobilisation for investment.

He also assured that the government would work hand in hand with the private sector to address the overall challenges and build a self-reliant economy.