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Central bank committed to economic stability: Governor Nepal

Central bank committed to economic stability: Governor Nepal

27 April, Kathmandu:

Nepal Rastra Bank (NRB) Governor Dr Chiranjivi Nepal has said the NRB was committed to promoting private, public and foreign investments.

Addressing the NRB 61st anniversary celebrations here Tuesday, Governor Nepal called on all bodies concerned to lend a positive and cooperative support towards that end.

Natural disaster, political transition and hurdles in the supplies that the country fared in series have made the management of economic and financial sector really a complicated. However, various policies adopted by the government and the central bank proved successful in not letting the entire economic management go out of control, he said.
“Preparations are underway to revise the existing polices relating to economic and financial sector to suit the demand of time,” he said, adding that the central bank is facing a grave challenge to control inflation in the aftermath of adverse situations in the country.

In the first eight months of the current fiscal, the consumer price index is projected at 10.12 per cent, Mr Nepal said, adding that agro and non-agro sectors were expected to see a fall in growth rate in the current fiscal.

On the occasion, Nepal Bankers’ Association Chair Upendra Poudel said country’s banking sector was still withstanding various adversities.
Former NRB governors Dr Bhesh Bahadur Thapa, Ganesh Bahadur Thapa, Satyandra Pyara Shrestha, Dr Tilak Rawal, Dipendra Purush Dhakal, Bijaynath Bhattarai and Deependra Bahadur Chhetri were feted on the occasion.

Governor Nepal presented the special award to the NRB’s first governor Himalaya Shamsher JB Rana. RSS

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