Kathmandu. The Manila-based delegation led by the Confederation of Banks and Financial Institutions Nepal and the Asian Development Bank's short visit to Nepal have expressed willingness to work with CBFIN to strengthen the financial sector, facilitate access to credit to local and productive industries and promote the domestic economy through other logistical infrastructure.

At a special meeting organized by CBFIN, Manmohan Prakash, Deputy Director General of ADB Manila, overseeing South Asia affairs, emphasized the need to sustain the economy with the country's own resources by providing credit, global market opportunities, exploration and new technologies, focusing on products based on nabin and indigenous raw materials.

During the meeting, Sibifin Chairman Pawan Kumar Golyan requested ADB to provide more than अर्ब 1 billion soft loan to Nepal during today's financial crisis, which would solve the liquidity problem and allow banks and financial institutions to provide targeted loans to private sector. If the industry operates at full capacity, economic activities will definitely continue.

Banks and financial institutions that invest more than the limit in the priority areas specified by the Nepal Rastra Bank for the promotion of productive industries such as NIFBC and import substitution will be given 10 percent tax exemption if they contribute to building a sustainable economy.