Kathmandu, October 22: Minister for Finance, Dr Yubraj Khatiwada, has urged the International Monetary Fund to invest in the energy sector of Nepal. Participating in the plenary session of Board of governors in the second day of joint annual meeting of the World Bank Group and International Monetary Fund in Washington DC, USA on Monday, Minister Khatiwada called for investment in hydropower sector as well as tourism and agriculture sector, reads a press release issued by the Finance Ministry on Monday.
He also stressed the need of diversifying investment sector to make the private sector further strong, capable and effective, saying the role of the private sector would be significant in economic development. On the occasion, the Finance Minister drew attention of the session over the issue of mid-term and long-term fiscal mobilization for infrastructure development, reads the statement.
According to the Ministry, participating as a keynote speaker in a road safety programme organised on Monday itself, Minister Khatiwada said that it was necessary to pay attention on various issues including design to be adopted before construction road, capacity of load of vehicles, knowledge level of road users, test of vehicles and regulations of transport sector for road safety.
Similarly, attending a high-level programme organised by International Monetary Fund Asia Pacific Department, he laid the emphasis that south Asian countries should create more employment to take demographic benefit as well as to increase productivity of labour.
