Kathmandu. Chief Executive Officer of Investment Board Nepal Sushil Gyewali said that there is both fear and hope after the protests. Speaking at a programme organized by the Association of Economic Journalists (EJ) here today, Gyawali stressed the need of economic revival.
He said that he was successful in providing money through banking channel by setting up a separate organization for post-earthquake reconstruction. He said that like the help of many youths after the earthquake, there is still a need to move forward by boosting self-confidence.
“When the agitation took place in Sri Lanka, the economy was in a negative state. “The indicators of Nepal’s economy are in good condition,” Gyawali said, “Now that we can win the confidence of the private sector, the economy can be revived soon.” ’
He said that the government should focus on the economic sector while formulating future programmes. It is necessary to develop the youth with education skills.
“Revolt takes place when the representatives of various forums and the government do not listen to the issues faced by the youths,” he said. ’
‘With ASHA Centres, Solutions at Local Level’
The Constitution of Nepal has envisaged 3 tiers of government. Gyawali said that although more is expected from the central government after the Jenji movement, many issues can be resolved through the state and local level.
“Youths do not get all the services they want easily if they look only at the federal government. The issues that can be implemented at the local level should be from there,” he said.
He said that due to government policies and regulations, there should be a change in the process rather than the result. He stressed the need to move ahead on the public-private partnership model to attract foreign investment.
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The Investment Board has a one-stop service center system for a long time. But it was not implemented properly,” he said, “We have amended the law through the ordinance and given the responsibility with rights to the employees.” Now we will make a procedure and implement it soon. ’
The change in policy with the change of government has not instilled confidence in foreign investors. The government has changed the structure of the Investment Board to have representatives from the government and opposition parties on the board. He said that it should be finalized after further discussion.
