Nepal Bankers’ Association (NBA) held a significant meeting with delegates from the International Monetary Fund (IMF), led by Mr. Tidiane Kinda, Deputy Division Chief and Mission Chief at the IMF. Few officials from the IMF Mission team along with Resident Representative for Nepal Ms. Teresa Daban Sanchez were present in the meeting.
The Mission team were in Nepal for the 4th Review under the Extended Credit Facility (ECF) program and also to discuss Nepal’s current economic and financial situation, economic growth, business perspectives, regulatory challenges review of loan portfolios, among other key issues.
During the meeting NBA President Mr. Sunil KC, along with some Executive Committee members, engaged in discussions about Nepal’s current economic and financial position. The discussion emphasized the main challenges confronting the banking and financial sector and the crucial role that stakeholders need to play to foster positive developments. NBA emphasized the need for the Government to play a crucial role in improving the market sentiment and boosting public confidence, along with increasing capital expenditure on a timely basis. The meeting was interactive and fruitful for both NBA and IMF Mission team to share views and strategies to move forward.
