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The Ministry of Finance (MoF) on Sunday organized a validation meeting of stakeholders to discuss various aspects of the proposed NBF.
Through the adoption of public-private partnership (PPP), the NBF will promote transparency and accountability in business throughout the country and among Nepali parties involved in business overseas.
It will also identify constraints, limitation and barriers to investment and business and mobilize concerned line agencies to solve the problems.
The statue of NBF has five bodies - general assembly, steering committee, private sector development committee, working groups and the secretariat. NBF will include major ministries, private sector organizations, experts and representatives of civil society.
According to Pratap Kumar Pathak, secretary at the Ministry of Industry, the NBF has adopted a check-and-balance policy for balanced growth.
Private sector groups - Federation of Nepalese Chambers of Commerce and Industry (FNCCI), Confederation of Nepalese Industries (CNI) and Nepal Business Initiative (NBI) - have also extended their support to the concept of NBF.
Narendra Kumar Basnyat of CNI said that NBF should work as a lobby group for the private sector. nepalnews.com
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