Through the financial policy seeking to solve economically seeming crisis

Dr.Minbahadur shrestha

Former director, Nepal Rastra Bank, Vice Chairman National Planning commission.

Nepal facing with heavy trade loss since 2 decade. According Minbahadur Shrestha vice chairman National planning commission. Working various factors. Internal cause:

Loss of the trade deficit one is endure less remittance, less foreigner add and cause of internal low product consequences having the trade loss.

External Cause:

Last time corona virus pandemic affected Nepalese economic sectors raising Ukrain and Russian war. its hindering to petroleum export and import. Agro commodity exporter country Ukrainian Its hindering the food system cause of going to war. Seeming the country’s economic problems. Government policy and vision seems weakness.

An example from the COVID-19 pandemic made economically break up in the world. Not only Nepal, its create worldwide economic problems. After the worldwide economic severely affect.

Along with foreigner, neighbor country also severely influence. If after post recovery plan not seek economy dosn’t try to reforms in the policy may bring a negatively impact in economy sector.

Socially what kind of problems have seen, what are those solution points, what will be the subject National planning commission asking the question, said shrestha. according to study of economy sector in COVID pandemic expansion period actually seeming impact in economics sector.

So, that study final analysis Cause of COVID-19 first year 2 billion 22 million bearing up loss. Hotel, Education, Tourism sector seeming the problems. For those of solution of problems should solve planning commission was given a report.

Those of report make to the policy and move to regenerate to specific sector where are appeared the problems. The government positively may not the taken massage we can’t catch right way.

Shrestha According to report was not prepared and not worked, those of including report worldwide which country how much poverty create by COVID-19 pandemic in worldwide was study by planning commission.

After the last time study of poverty’s graph 4% had increased.

Those of such reported tourism sector billion sink also construction sector Cause of corona virus pandemic expands. We should provide the compensation said cause of wrong intension from government at that time not provide right financial policy. Not following immediate responsible to relief the financial problems. by the central bank own monetary policy not to doing deed one step ahead. own regarded cause of financial policy ahead consequence of result as a now seeming form had  damages

As a cause of the other problems of by affect from the COVID-19 in economics and to regenerate the economic exploration. Central Bank first year 2 billion and 50 million subsidy loan explore to reform the damages sector.

Provided that bank’s loan and which sector loan was investment were not seems as a form in regenerate, loan had misuses.

Because now seeming out of result that Bank provided loan some loan were in house-land and some loan were in share market.

Those a consequences now having the problem, also next problem will appeared as a risk additional problems in the coming day. Those cause of in investment in house and land’s hues investment being advertisement to sale the house and land now unable sale house and land.

If tomorrow house and land sale will close all of the investment will froozen around the under the house and land investment. Other Industry, Tourism, regular subsidies loan and along with circulation of the re-loan, will round around the house and land, whole of the house-land salling closed the banking sector provided loan system may appeared hues of problems.

What did the COVID-19 impact and How does it solves said, According to study second phase may start to appeared problems along with will may enter the risk in the banking sector.

Now a day’s economics as a tics, doesn’t hold and as a crisis of Srilanka it will not to face. Specialist, policy maker, and professional those of problems are define clearly, there is no problems.

But, what saying the subject of policy makers, government in favor persons this economic saying right and gradually will moves itself. Country’s economic development if don’t care what will be done not to say. Because today’s conditions should be known about own sector’s weaknesses.

Therefor government should be follow jointly coordination with public, private, partnership to make the integrated policy.