Interim plan aims to achieve 5.50 % economic growth rate, reduce poverty

Interim plan aims to achieve 5.50 % economic growth rate, reduce poverty
Nepanews.com, 24-Jun-07

The three-year interim plan prepared to address the transitional period after the conflict has laid priority on communications, transport, reconstruction and rehabilitation works, among others, the Kantipur daily reports.

According to the report, in the draft of Adharpatra prepared by National Planning Commission (NPC) in which there is representation of eight parties clearly aims to spend Rs 587, 770,000,000 (US$9 billion) in development activities in the next three years period.

The news report further says that the aim of achieving the kind of economic growth rate and coming up with development expenditure and foreign assistance is very ambitious and that some of the programmes that features in the 10th 5 year plan has been given continuity in it also.

The interim plan has ambitious aims to achieve 5.50 % growth rate and bring down the percentage of people living below the poverty line to 24 percent during its three year period. Similarly, the growth rate envisaged for agriculture and non-agriculture sector is also very high.

The interim plan also chiefly aims to reconstruct and restore the physical, economic and social infrastructure that have been destroyed and left crumbling and in disrepair. It also aims to generate more employment, promote peace and good governance, invest in development of physical infrastructures and run development programmes in Karnali including other backward areas.