गृहपृष्ठ ∕ Business ∕ Finance Minister calls for investment in result-oriented projects Business Finance Minister calls for investment in result-oriented projects KathmanduPati September 03, 2024 File Photo KATHMANDU – Deputy Prime Minister and Minister for Finance Bishnu Prasad Paudel has said the government yearns to achieve economic growth through increased investment in projects with promising results. He stated that these projects will be selected based on a thorough assessment of their benefits and costs and ensure effective management of such investments. During a meeting today with Teresa Daban Sanchez, the International Monetary Fund (IMF) resident representative for Nepal, the Finance Minister reiterated the government’s dedication to carefully evaluating loans and investments in result-oriented projects. He also expressed the government’s commitment to implementing policy reforms advised during the fourth review of the IMF Extended Credit Facility (ECF) for Nepal. Paudel assured cooperation with the IMF for the forthcoming fifth review, as said by the Minister’s Secretariat. The IMF representative cited ample potentiality for Nepal’s hydropower and tourism sectors, advising that capital expenditure in result-based areas will contribute to increasing the economic growth and the size of the economy. It may be noted that the budget for the current fiscal year aims to secure a six-percent economic growth. Write your comments RELATED NEWS Nepal government reaches deal with Hindu protesters India, China resume Lipulekh trade despite Nepal protest Nirmal Purja, world-renowned British-Nepali mountaineer killed in Pakistan avalanche Nimsdai transformed global mountaineering beyond records and summits Govt and Hindu organizations sign 13-point agreement Nepal partially eases curfew in Siraha’s Golbazar area Top Headlines Monsoon is predictable and Nepal’s disaster response should be too1 Before the Ballots: How Oli Lost the Political Narrative2 Balen’s Silence Has Invited Curiosity, Confusion, and Concerns3 Nepal “a Buffer State”: Rethinking foreign policy in relative terms4 Nepal’s Political Renaissance: The rise of the RSP, the re-ordering of the old political order and the political path forward5 Promotion Linked to Future Military Leadership: Major General Magar Could Become Army Chief6 Jagdamba Group Chairman Shankar Agrawal Arrested7 ‘Promotion of Ayurveda, Yoga and meditation along with modern medicine positive’8 TRENDING Pathao, Tootle resume ride sharing services after authorities relax lockdown Impact of Social Media on Nepalese Society Nepal Army initiates investigation into case of financial irregularities by Lieutenant Colonel Janmat Karki Nepal Army’s Brigadier General Bigyan Dev Pandey gets promoted to Major General Bamdev Gautam’s appointment as National Assembly member challenged in Supreme Court Why US Indo-Pacific strategy will fail Empowering the Journey of Digital Nepal Through Connectivity and Data Prime Minister Oli’s confidante Prem Kumar Rai recommended as CIAA Chief Commissioner
