Finance Minister Dr. Baburam Bhattarai has said that the ongoing global financial crisis will have minimal impact on Nepal.

Speaking at the Constituent Assembly (CA), Thursday, FM said that since Nepal was neither too much linked with the global market nor totally aloof from it, the impact will be very negligible.

He said that the government has already formed a panel headed by vice chairman of National Planning Commission (NPC) Dr. Pitambar Sharma to study the likely consequences of global crisis on Nepal.

“The government will proceed based on the panel’s recommendation,” he said.

On Thursday, CA member and an industrialist Binod Chaudhary had tabled a motion of public importance drawing the attention of the government on the global crisis and its likely impact on Nepal.

Meanwhile, speaking at CA, FM said that the government was encouraged by the growth of revenue collection by 34 percent. nepalnews.com sd Dec 04 08