Nepal Bankers’ Association (NBA) held a meeting with the delegates from International Monetary Fund (IMF), led by IMF Mission Chief Dr. Sarwat Jahan. The meeting was attended by several IMF officials, including Ms. Teresa Daban Sanchez, the Resident Representative for Nepal. The discussions primarily focused on Nepal’s economic and financial landscape, key challenges facing the banking sector, business outlook, monetary policy concerns, and regulatory hurdles, among other critical issues.
NBA President Mr. Sunil KC, accompanied by several members of the Executive Committee, provided an in-depth analysis of Nepal’s current economic and financial situation. One of the key points raised was the sluggish credit growth, despite a significant decrease in interest rates. To address this, Executive Members emphasized the crucial role of the Government in helping to boost the low morale and also the importance of timely capital expenditure to stimulate economic activity and drive financial sector growth. They also raised the concern of low public confidence due to various uncertainties. They stressed that improving public sentiment is vital to revitalizing the economy and fostering a more positive business environment.
The meeting was highly interactive and constructive, offering a platform for both NBA and the IMF team to exchange insights and explore strategies for addressing these pressing issues.
