Kathmandu: Nepal’s outgoing Finance Minister Rameshwar Khanal held a meeting with the heads of key financial sector regulators on Monday to review the country’s economic conditions and progress in financial sector reforms.
The meeting, held at the Ministry of Finance, brought together top officials from major regulatory institutions. Among those present were BhuPal Baral, Revenue Secretary at the ministry; Bishwanath Paudel, Governor of Nepal Rastra Bank; Chandrakala Paudel, Chairperson of the Nepal Insurance Authority; and Santosh Narayan Shrestha, Chairperson of the Securities Board of Nepal.
During the discussion, Khanal said the role played by regulatory bodies in maintaining macroeconomic stability has been satisfactory. He thanked the institutions for their contributions toward creating an investment-friendly environment, strengthening transparency in the capital market, and promoting sound economic governance.
The heads of the regulatory bodies also described their cooperation with the finance ministry as productive. They said coordination with the ministry had helped support the planned development of Nepal’s banking and financial sector while maintaining financial discipline.
According to the finance ministry, the meeting further strengthened coordination between the government and financial regulators at a time when the country is preparing for a transition following the election-period government.
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