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 Kathmandu Monday May 07, 2001 Baishakh 24,  2058.


Prime Minister Koirala launches NAES

Post Report

KATHMANDU, May 6 - At a time when there is a dearth of authentic institutions in the field of economics that could play an active part in the formulation of macroeconomic programs and policies, Prime Minister Girija Prasad Koirala launched Nepal Academy of Economic Studies (NAES) here Sunday.

Launching the new institution, Premier Koirala said, "The formulation of such an institution has rather been late. It should have been formed immediately after the restoration of democracy a decade back."

He hoped that the newly formed apolitical, non-profit and professional NAES would contribute in the national program and policy formulation and make valuable suggestions for achieving higher macro-economic stability and growth. Furthermore, he emphasized that such institutions overseeing economic matters should take into consideration the socio-political and socio-economic environment of the country while coming up with new plans, programs or policies.

Commenting upon the latest economic scenario, Koirala said, "Following the revolution in the Information Technology (IT) sector that has pulled the world more closer, there is a need to strengthen and enhance Nepal’s competitiveness in the international arena, primarily to survive the threats brought by the globalization."

He further stressed that economists should not neglect the political repercussions that plans or policies can invite. As such, he said, "Any economic thought should consider the political aftermath."

Speaking on the same occasion, Finance Minister Dr Ram Sharan Mahat said that economics has taken a central stage in the contemporary world. "The field of economics is growing more complex. There is growing curiosity and interest in this subject."

Dr Bimal Koirala, Secretary at the Ministry of Finance, who is also a member of the governing board of NAES, highlighted the objectives of the institution. He said that NAES would not only help in the country’s planning processes but would also act as a bridge to foreign scholars and domestic economists.

Professor Bishwambhar Pyakurel, Chairman of NAES, said that the institution would address the latest economic issues of the country.

Other members of NAES’s governing body include Prof. V R Panchamukhi, Prof. Binayak Bhadra, Prof. Madan K Dahal, Prof. Parashar Koirala and Manoranjan Sharma.


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