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May 11: Finance Minister Dr Prakash Sharan Mahat held a productive meeting with heads and representatives of international development partners in Nepal to discuss the budget for the upcoming fiscal year 2080/081 today.
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<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Moreover, there were suggestions to increase investment in health, education, social security, and nutrition, expand the scope of taxes, improve capital expenditure and gradually shift the informal sector to the formal sector.</span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">The Finance Minister also called for substantial subsidies and foreign loans, including aid to address the impact of climate change, which Nepal is not responsible for.</span></span></p>
<p><span style="font-size:18px"><span style="font-family:Calibri,"sans-serif"">Representatives of the multilateral development partners such as the World Bank, Asian Development Bank, International Monetary Fund, International Finance Corporation, United States Agency for International Development, Embassies of Japan, Korea, Switzerland, Norway, Finland, Germany, and the European Union were present in the meeting.</span></span></p>
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