Finance Minister Rejects Proposal to Remove Finance Secretary from Nepal Rastra Bank Board
Summary
Finance Minister Dr. Swarnim Wagle has rejected a proposal to remove the Finance Secretary from the Nepal Rastra Bank board, saying the post is necessary to coordinate fiscal and monetary policy. He also opposed creating a third deputy governor position and called for clearer rules on appointing a governor with international organization experience.
Key Points
- Finance Minister Dr. Swarnim Wagle rejected the proposal to remove the Finance Ministry secretary from the Nepal Rastra Bank board of directors.
- He argued that Nepal’s economic structure requires coordination between fiscal policy and monetary policy, and cited the Impossible Trinity theory to defend the secretary’s role.
- Wagle also opposed increasing the number of deputy governors at Nepal Rastra Bank from two to three.
- He urged clarification on whether people with international organization experience can be appointed as Nepal Rastra Bank governor.
