Country Director of the World Bank in Nepal, Kenichi Ohashi, has said that the current deep-rooted problem facing the country arise from traditionalism and feudal nature of society.

Addressing a function organized by the Management Association of Nepal (MAN) in the capital on Friday, Ohashi urged the policy makers in the country not to defer the development process, according to reports.

“There are many things that Nepal can continue in the area of development in this very difficult situation,” adding, “Faster economic growth is a necessary condition for Nepal to break out of the current conflict trap and is critical to lay foundation for durable peace and functioning democracy,” he added.

“Even in the conflict affected areas, most of the truly community based programmes have shown considerable resilience, so there is a scope for promoting such programmes amid conflict,” he added.

He further said that even in the current scenario, Nepal can act on a number of important pending reforms and deepen ongoing reforms for making public institutions more effective.

Speaking at the same programme, Chief of the MAN management development centre and former chief secretary, Dr Bimal Koirala, said at present Nepali economy was sustaining simply because of the reforms carried out in the ‘90s, adding, “Unless the political parties take over the reins of reforms, the transformation whether it is economic, political and social is impossible.”

Sujit Mundal, Chief Executive Officer of Standard Chartered Bank Ltd. Nepal was awarded the “Manager of the year award 2005” during the function.