January 22: Finance Minister Bishnu Poudel has said that the latest political development will not have any adverse effect on the economic development of the country.

Minister Poudel made such remark during a virtual meeting on the proposed Extended Credit Facility with International Monetary Fund’s Director Alisara Mahasandana and Mission Chief Laura Isabel Jaramillo.

Minister Poudel told the foreign delegates that the dissolution of parliament was only one facet of the political system and that Nepal have had mid-terms election in the past as well. Therefore, he assured them that the recent political developments will not have much impact on the country’s economy. He also urged them not to worry about Nepal’s situation.

He added that Nepal’s policies on financial and social issues are guided by the constitution and therefore the differing views of political parties will not have any impact on matters of national interest.

According to Minister Poudel, the Extended Credit Facility is not aimed at any particular individual or party and so the new government formed after the election will give continuity to the programme in the interest of the nation.