Fiscal Nepal
First Business News Portal in English from Nepal
KATHMANDU: Dr. Bishwa Paudel, the newly appointed 18th Governor of Nepal Rastra Bank, met with Deputy Prime Minister and Finance Minister Bishnu Prasad Paudel at the Finance Ministry on Tuesday morning, marking his first official engagement since taking office. The meeting, held shortly after Paudel’s appointment by the cabinet, underscored a shared commitment to tackling Nepal’s economic challenges through coordinated fiscal and monetary policies.
Finance Minister Paudel expressed optimism about his tenure, emphasizing the need for synergy between fiscal and monetary strategies to address pressing economic issues. “I am confident that Governor Paudel will take bold steps to resolve challenges in the economy and monetary sector,” Paudel said. The Finance Minister highlighted the importance of aligning policies to stabilize Nepal’s financial landscape and foster sustainable growth.
Governor Paudel outlined his vision for Nepal Rastra Bank, stressing that the central bank would support the Finance Ministry’s leadership in driving the national economy through effective monetary policies. He prioritized strengthening the bank’s supervisory capacity to enhance the financial sector’s efficiency and resilience. “Our focus will be on robust oversight to ensure the financial system supports economic growth,” Paudel said, echoing his earlier commitment to addressing stock market volatility and protecting investors.
The meeting was attended by Minister for Industry, Commerce, and Supplies Damodar Bhandari, Finance Secretary Ghanashyam Upadhyaya, and Revenue Secretary Dinesh Kumar Ghimire, all of whom extended congratulations and best wishes to the new governor. Public reactions on X reflect cautious optimism, with users noting that Paudel’s emphasis on supervision could restore confidence in Nepal’s financial institutions. One user commented, “Coordination between the Finance Ministry and NRB is crucial—hope Paudel delivers.”
As Nepal grapples with inflation and financial sector instability, Paudel’s appointment and his early engagement with the Finance Ministry signal a proactive approach to economic reforms. Stakeholders are watching closely to see how his leadership will address systemic challenges and drive Nepal toward a stable and transparent economic future.
Your email address will not be published. Required fields are marked *
Comment *
Name *
Email *
Website
Save my name, email, and website in this browser for the next time I comment.
