High-Level Commission Recommends Investment-Friendly Reforms and Lowering Production Costs

The High-Level Economic Reforms Recommendation Commission has submitted its report to the government, urging structural reforms to foster an investment-friendly environment and reduce production costs to boost economic competitiveness.

Presenting the report to Finance Minister Bishnu Prasad Poudel today, Commission Chair and former Finance Secretary Rameswar Prasad Khanal highlighted key economic challenges, including sluggish credit growth, a downturn in real estate transactions, liquidity issues within the cooperative sector, delays in payments, difficulties in loan recovery, and a struggling construction industry.

Khanal emphasized the need for immediate policy interventions to stimulate demand and structural reforms to ease supply-side constraints. He stated that achieving the nation’s economic growth targets would require reducing production costs and improving the investment climate.

Receiving the report, Finance Minister Poudel welcomed the commission’s insights, noting that they would be valuable in addressing current economic challenges. He assured that the recommendations would be studied thoroughly and implemented in phases.

“As we prepare the budget for the upcoming fiscal year, this report provides timely guidance on identifying and resolving pressing economic issues,” said Minister Poudel.

The commission, led by Khanal, was formed by the government to suggest actionable measures to revitalize the national economy. Other members include National Planning Commission member Prakash Kumar Shrestha, TU Economics Department Head Ram Prasad Gyawali, economist Biswas Gauchan, and Policy Research Institute senior researcher Kalpana Khanal.