Government concerned over World Bank ‘Doing Business Report

Kathmandu, November 17: The government has expressed concern over the report, ‘Doing Business’, prepared by the World Bank.
The report made public recently has painted grim picture of the trade and investment environment in Nepal. The score 105 Nepal got last year is now slid by five point reaching 110 this year, which shows declining situation of trade and investment.
At a programme organized on the occasion of the 7th National Tax Day, Finance Minister Dr Yubraj Khatiwada expressed concern over the report and informed that it would be revised. “We have reservation on the report because the status is slid by five points citing the minor issue of tax. So, we’ve urged the concerned stakeholder to revise the report,” he argued.
According to him, the problem in tax details was reasoned behind showing declining situation of investment and trade. “The World Bank has said it will send a team, so the report will be revised,” he showed confidence, adding that the government would make efforts to better the score.
The report has incorporated 190 countries in the list.  RSS