NRB Executive Director Poudel Outlines Budget's Economic Goals
Summary
Nepal Rastra Bank's Executive Director Guruprasad Poudel highlighted the upcoming budget's focus on managing liquidity to support 7% economic growth and controlling inflation within 6%. The budget emphasizes governance, digitalization, and asset management reforms.
Key Points
- Nepal Rastra Bank will manage liquidity to support 7% economic growth and keep inflation below 6% as per the new budget.
- The budget prioritizes good governance, digitalization, and electrification to boost economic synergy.
- Asset management companies will be established with clear legal frameworks to address rising non-performing loans.
- The budget includes provisions for fintech marketplaces and promoting concessional loans to uplift the lower-middle class.
