The common resolution of the ruling party: to make policy reforms to remove the laxity seen in the economy

In the joint resolution of the parties, it has been mentioned that economic activities will be accelerated by making policy reforms to remove the laxity seen in the economy from production to consumption and from investment to trade.

Presenting the joint resolution of the parties, the vice president of CPN (UML) and the coordinator of the joint resolution drafting committee, Bishnu Prasad Paudel, said that solving problems such as slow credit flow and reduction of capital public expenditure, coordinating between fiscal and monetary policy, immediate and medium-term investment and employment-friendly policy He said that various laws that hinder the reform will be amended. He said that to reduce the growing gap between revenue and expenditure, revenue reform, frugality in government expenditure, new sources of foreign aid will be identified and mobilized. He informed that the common resolution of the

is to use the flow of remittances in productive activities and to make the stock market viable through policy reforms. Vice President Paudel also informed that the transitional strategy will be implemented after upgrading from the status of a least developed country, focusing on concessional green finance, access to the international market and technology transfer.

Likewise, the parties also have a common resolve to solve problems related to cooperatives, microfinance institutions and unfair transactions by gradually implementing the suggestions of the commissions formed at different times to solve problems arising in financial institutions. Poudel also said that the Cooperative Debt Recovery Tribunal will be formed and the Cooperative Savings and Loan Protection Fund will be launched.

Similarly, Poudel informed that legal arrangements will be made to keep cooperatives that do large business under the regulation and supervision of the National Bank for some time, and short-term re-loans will be provided from Nepal Rastra Bank on the mortgage of the properties in the name of savings and credit cooperatives. He also said that the registration of savings and loan trading institutions and the extension of scope of permission and approval of service centers will be stopped and arrangements will be made for rescheduling and restructuring the loans of microfinance borrowers.