Nepal Bankers’ Association (NBA) held a meeting with the delegates from International Monetary Fund (IMF) – part of IMF’s Article IV Agreement. The meeting was mainly focused on current economic and financial situation, regulatory and supervisory perspective, among others. The discussion also covered the main challenges that the banking industry is currently dealing with and the role that the regulatory body is playing in addressing these issues.
During the meeting, Mr. Sunil KC, NBA President and other Executive Committee Members highlighted about Nepal’s present economic and financial position. In addition, they also addressed number of queries raised by the IMF Team. The meeting was quite fruitful as it helped to understand the IMF’s perspective and also allowed NBA to present the financial status of Nepal. At a time when the financial sectors are facing a number of difficulties, it is also anticipated that the outcome and recommendations from the meeting would help to maintain financial stability.