FNCCI president meets IMF Nepal mission chief, discusses economic policies

KATHMANDU: Federation of Nepalese Chambers of Commerce and Industry (FNCCI) President Chandra Prasad Dhakal and International Monetary Fund (IMF) Nepal Mission Chief Dr Sarwat Jahan held a meeting at the FNCCI Secretariat in Kathmandu.  

Discussions focused on the budget for fiscal year 2025/26, monetary policy, Nepal’s economic condition, and cooperation between the Government of Nepal and the IMF.  

During the meeting, President Dhakal stated that the budget for current fiscal year has prioritised the private sector as a key economic driver. He mentioned that the budget incorporated FNCCI’s suggestions and emphasised the necessity of effective implementation.  

“We have taken the budget positively. The budget aims for 6% economic growth, which is achievable with sincere implementation,” Dhakal remarked. However, he also raised concerns regarding the tourism sector and hydropower development, stating that further prioritisation was needed.  

Dhakal reiterated that FNCCI has consistently advocated for good governance and policy stability to ensure economic development and prosperity.  

Dr Jahan sought insights into the private sector’s views on the budget for fiscal year 2025/26, the government’s economic growth target, private sector expectations on monetary policy, and Nepal’s broader economic outlook.  

She also highlighted ongoing cooperation between the Government of Nepal and international financial institutions, mentioning that the IMF is in discussions for new collaborations with Nepal.