Voices

"The measures are expected to increase the flow of fund to the market and enhance investment. But let the depositors be assured that the new measures would not affect them."

-Dr. Tilak Rawal
Governor, Nepal Rastra Bank, announcing at a press conference cut in refinancing rates and credit reserve ratio (CRR).

"Increased liability of commercial banks, coming from the cash reserve ratio (CRR) would favour investors even as the decreased refinancing rates would assist to redress the industrial sector that has sickened in recent times."

-Narendra Bhattarai
Managing Director, Nepal Bangladesh Bank Ltd., reacting to reduction of refinancing rate and CRR announced by Nepal Rastra Bank.

"The tourism sector here will definitely be affected with the suspension of PIA flights."

-Joy Dewan
General Secretary, Board of Airlines Representatives of Nepal, reacting to the decision of Pakistan International Airlines (PIA) to suspend all flights to Kathmandu indefinitely. The move was prompted thanks to ban on PIA flights using Indian airspace.

"As of yet, there is no outstanding arrears and Nepal’s loan payment is also fully satisfactory. ADB will try to continue support consistent with the Bank’s (ADB) policy."

-Dr. Richard Vokes
Resident Representative, ADB Nepal Resident Mission, speaking at a year-end press meet.

"We are ready to extend all infrastructure facilities from our side provided Nepal increases the volume of its trade with Bangladesh."

-Mohammod Morsad Khan
Foreign Minister, Bangladesh, at the inaugurattion function of the Bangladesh Single Country Trade Exhibition held in the capital recently

"The success or failure of privatization in any country is determined by how well labour considerations (in relation to employment, wages and condition, and industrial relations) have been addressed."

-Rajendra Raout
President, Democratic Confederation of Nepalese Trade Union (DECONT), speaking during a two-day symposium on ‘Privatization and Role of Trade Union" organized by International Labour Organization.

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