Kathmandu. Economist Shamir Khatiwada has said that the recent Genji agitation in Nepal will help the country to get out of the FATF’s ‘grey list’.

He said this at a virtual discussion organized by Society of Economic Journalists (SEJON) here today. He said that the movement led by Genji in Nepal was against corruption.

“This is a movement against corruption,” he said, adding, “It can help Nepal get out of the grey list of FATF.” “There has never been such a movement against corruption before,” he said. He said that the activities that will be done now will help it.

Khatiwada suggested that the current situation should be taken as the way of course correction.

During the discussion, Khatiwada stressed that the private sector should now be able to compete internally and externally. “It is necessary to compete with foreign companies to export from Nepal,” he said, adding, “We need quality of our products.” “We are legally capable,” he said.

Stating that the private sector has been facing a lot of impact due to this agitation, Khatiwada argued that the contribution of the private sector could be further increased. He suggested that the government should immediately go for restructuring instead of saying that we have lagged behind by so many years after the damage caused by the current movement.

Expressing concern that the number of tourism in Nepal will decrease and the revenue coming from the tourism sector will decrease due to the present situation, Khatiwada urged the stakeholders to pay attention to this. He cautioned that such incidents would reduce the inflow of foreign investment to Nepal.

He believes that the investment has been low in the past and it is likely to be even lower now.

On the occasion, former secretary Rameshwor Khanal recalled that the earthquake and Koshi floods had caused more damage than the current earthquake. “We are one of the countries where every loss in Nepal is going to recover quickly,” he said.

Khanal said that the incumbent government should pay attention to elections, peace and construction of infrastructure in a speedy manner. According to him, 39 industries were damaged in the Maoist conflict and the loss so far has been less.

“Most of the damage has been done to the government structures now,” he said, adding that the private sector has been less than that. It’s not that it’s not happening. “The private sector is covered by the insurance.

He suggested that the government should invest in certain areas instead of investing in the scattered infrastructures. He suggested that foreign assistance should not be sought for investment in infrastructure.

In Nepal, the agriculture sector has not been affected, except for a few ATMs, there has not been much impact in the service sector. He said that even though some bookings have been canceled, there is no need to panic. He said that there will be problems in collecting money during this period. He said that if we continue to dig into the past, the problem will be complicated.

He said that the government should continue its efforts to catch the corrupt. He said that it is a positive thing that people are involved in corruption all over the country.

The latest political developments in Nepal will not affect the tourists. He noted that many countries have not issued travel advisories.