Addressing a program organized on the occasion of 47th anniversary of the RBB on Tuesday, the PM expressed commitment to establishing industrial development center and amending the education policy to end poverty by promoting entrepreneurship in the country.[break]
Saying the sole focus of the government was to draft constitution and conclude the peace process due to political transition in the country, the PM added, "The government is equally serious to the economic issues by considering that every step to peace could not be separated from dynamics of prosperity."
Establishing lasting peace, writing constitution, maintaining good-governance and taking the country to the path of economic prosperity were the main tasks of the government, the PM said.
PM Dr Bhattarai who is also the vice-chairman of the UCPN (Maoist) said the government was effortful to achieve high economic growth rate, generate employment opportunities in productive sectors, and bring the poor and disadvantaged groups of the country in the mainstream of development through financial inclusion.
The government is planning to introduce the programs for economic development and prosperity and the RBB, as a state-owned bank, will have a crucial role to materialize the government policies and programs, the PM said.
On the occasion, PM Bhattarai said that the government was committed to equal development of public, private and cooperatives as the interim constitution has accepted the three sides as the major basis for country´s economic development.
Saying the huge amount of remittance inflow was being spent in consumption, the PM cautioned that it could create long-term effects on social and cultural development of the country.
Dr Bhattarai suggested the bank and financial institutions (BFIs) to invest in agricultural and medium-sized industries at a time when the BFIs were facing hardships due to failure in huge amount of lending.
On the occasion, Chief Executive Office of the RBB, Krishna Prasad Sharma said that the bank has Rs 75 billion in deposit and Rs 36 billion in loan disbursement and has invested Rs 19 billion so far.
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