KATHMANDU: Nepal has been reeling under an economic crunch, the country’s finance minister of the newly formed federal government, Dr. Yubaraj Khatiwada has revealed.
While addressing the Nepal Parliament on Friday with the release of the white paper, Khatiwada said that the state coffer was virtually empty.
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Khatiwada, who is also the former governor of the Central Bank of Nepal also claimed the investment environment in the country was not attractive and favourable, while he highlighted the inadequate flow of pledges made over the times.
“The investment environment of Nepal in comparison amongst the international arena is not much favourable. Nepal’s attempt against the property improvisation and investment over the criminal activities to gain good image and stable economic system, expansion of international trade and the investment are influenced.
