KATHMANDU: The Non-Resident Nepali Association (NRNA) has welcomed the government’s policies and programmes for the fiscal year 2083/84.
In a statement issued today, NRNA spokesperson Somnath Sapkota said the topics included in the policy and programme document were welcome.
The statement mentions that the policies and programmes presented by President Ramchandra Paudel on Monday at the joint sitting of both houses of the Federal Parliament, with a high priority given to non-resident Nepalis, is an extremely positive step.
“It is in itself a welcome matter that the state formally recognises the sentiments, contributions and potential of millions of Nepalis making a name for themselves in various countries of the world through their hard work, knowledge, skills, experience and abilities, and expresses a clear commitment to link them with the main stream of national development,” reads the statement.
The announcement of establishing the ‘Diaspora Expert Network’ and ‘Knowledge Bank’, aimed at linking the capital, skills, experience, technology, and international networks of Nepalis abroad with Nepal’s social and economic development, has instilled new hope and trust, according to the statement.
“Today, Nepalis around the world are not just sources of remittances, but policy and programmes recognising the reality that they are unique carriers of knowledge, technology, innovation, entrepreneurship, international access, and global knowledge and experience is in itself a positive initiative,” said NRNA.
Similarly, the NRNA said it believes that programmes such as capital market reform, securities regulation, restructuring of NEPSE and the clearing system, expansion of institutional investment, infrastructure bonds, development of debt and bond markets, and strengthening of risk management systems will create an investment-friendly environment in Nepal and lay the foundation for long-term economic stability and economic transformation.
Spokesperson Sapkota said that the government’s commitment to making investment by non-resident Nepalis secure, transparent and smooth, as well as ensuring a return system, will further encourage overseas Nepalis to expand investment in Nepal.
“It is also important to further strengthen the policy and legal arrangements related to the citizenship, financial access, investment protection, and democratic rights of non-resident Nepalis,” the statement said.
