Notice (8): Trying to access array offset on value of type null [APP/View/Articles/view.ctp, line 115]
Notice (8): Trying to access array offset on value of type null [APP/View/Articles/view.ctp, line 115]
Notice (8): Trying to access array offset on value of type null [APP/View/Articles/view.ctp, line 116]

Finance Minister Stresses on Economic Cooperation Among SAARC Countries

  2 min 12 sec to read
Finance Minister Stresses on Economic Cooperation Among SAARC Countries
Notice (8): Undefined index: caption [APP/View/Articles/view.ctp, line 241]

May 3: Finance Minister Yuva Raj Khatiwada has underscored the need of economic cooperation and financial interdependence to boost the economy of South Asia for the welfare of people and prosperity of the region. He made such remarks while addressing the 13th meeting of the finance ministers of SAARC region during the 52nd board of governors annual meeting of the Asian Development Bank in Fiji on Thursday, May 2.

Minister Khatiwada claimed that South Asia has a good reputation in the world economy but the region lags behind due to lack of inter-country road connectivity. He further said that the inter-country trade could have been increased up to three times had there been good network of roads to link the regional countries but due to lack of proper road connectivity, the trade between the countries is minimal.

He also informed the meeting that Nepal has achieved a historic feat by maintaining economic growth of more that 6 percent for three consecutive years.

He said that it was normal to bear trade deficit when the country has been achieving high economic growth rate.

Finance Minister Khatiwada held separate bilateral meetings with the representatives of ADB, European Investment Bank, OPEC and the Department of Treasury of the USA on Thursday.

Deprecated (16384): Using key `action` is deprecated, use `url` directly instead. [CORE/Cake/View/Helper/FormHelper.php, line 383]
No comments yet. Be the first one to comment.