Government forms committee to study capital market challenges

KATHMANDU: The government has formed a committee to study the current situation of the capital market in the country.

Finance Minister Janardan Sharma Prabhakar informed on Wednesday at the 30th Anniversary programme of the Securities Board of Nepal (SEBON) that a four-member suggestion committee is formed with the participation of the Ministry of Finance, Nepal Rastra Bank and SEBON to solve various problems witnessed in the capital market and submit suggestions.

After the discussion held at the ministry on Wednesday morning, a committee has been formed under the leadership of the Executive Director of the SEBON, and comprises of one representative each from the MoF, and NRB and one representative of SEBON as the member secretary.

The committee has a mandate to hold dialogue and discussions with all the stakeholders of the capital market. It will help in resolving the issues of the capital market and formulating the monetary policy for the upcoming fiscal year 2022/23.

Addressing the programme, FM Sharma recalled that in the budget of the coming fiscal year 2022/23, he had given priority to the programmes that will make the capital market stronger.