Finance Minister Warns Against Frequent Changes to Nepal Rastra Bank Structure
Summary
Finance Minister Dr. Swarnim Wagle has warned against frequent changes to the structure of Nepal Rastra Bank, saying the central bank’s efficiency, stability and professionalism should be preserved. He backed stronger autonomy for the bank but opposed expanding its board and deputy governor positions.
Key Points
- Dr. Swarnim Wagle said Nepal Rastra Bank’s structure should not be changed frequently because it is a sensitive institution.
- He opposed increasing the board from seven to nine members and said two deputy governors are sufficient.
- Wagle supported removing the government’s direct instruction power over the central bank to strengthen autonomy.
- He said board qualifications should remain practical enough to include Nepali experts with international experience.
