Kathmandu: Despite a continuous decline in the stock market following the formation of the new government, Finance Minister Swarnim Wagle has initiated discussions with officials from the Securities Board of Nepal and Nepal Stock Exchange.
During a meeting held Thursday morning at the Ministry of Finance, Wagle expressed the government’s willingness to support reforms and development in Nepal’s capital market, according to sources. The discussion included Revenue Secretary Bhupal Baral, Securities Board Chairman Santona Narayan Shrestha, NEPSE CEO Chudamani Chapagain, along with other stakeholders.
At the meeting, the finance minister emphasized that the government is open to facilitating improvements in the capital market and instructed officials to identify necessary reforms and move toward implementation.
The stock market has been continuously declining since the new government led by Balen Shah took office. Amid the decline, lawmakers and investors, including Hari Dhakal, had met Finance Minister Wagle earlier in the week to raise concerns. Shortly after those meetings, the minister convened Thursday’s broader discussion with regulators and stakeholders.
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