February 22, 2024, Thursday
Nepal 1:37:26 pm

World Bank Vice President, South Asia appreciates Nepal’s economic performance

The Nepal Weekly
June 12, 2023

A meeting between central bank Governor Mahaprasad Adhikari and the Vice President of the World Bank, South Asia, Martin Raiser, has recently taken place at Baluwatar. During the meeting held at the governor’s office in Baluwatar Kathmandu, they discussed the current economic and financial situation of Nepal, the challenges of the financial sector, the development of electronic payments and the future economic direction. On the occasion of the meeting, the governor officer informed about the current financial situation of Nepal along with the policy priorities of Nepal Rastra Bank including financial inclusion, regulatory and supervisory reform efforts, development of electronic payment system.

On the occasion, Vice President Raiser praised the monetary policy and other policy arrangements adopted by the National Bank and expressed the view that the World Bank has taken the improvement seen in the external sector and liquidity situation positively. He held the opinion that the World Bank is committed to provide necessary assistance in the promotion of green finance and microfinance, promotion of electronic payments and prevention of money laundering along with the improvement of the overall financial sector of Nepal. During the meeting, monetary policy and financial policy coordination, credit situation, economic growth and other issues were also discussed. Deputy Governor High officials of the bank were present along with Dr. Neelam Dhungana Timsina and Bam Bahadur Mishra. Similarly, World Bank Country Director in Nepal Faris Hadad Zervos, Operations Manager Lada Strelkova, International Finance Corporation Nepal Representative Babacar Sedikh Faye and other officials were also present.