Finance Minister Swarnim Wagle Urges Banks to Support Budget Implementation and Economic Transformation
Summary
Finance Minister Dr. Swarnim Wagle has urged commercial banks to work with the government to implement the FY 2083/84 budget and support Nepal’s economic transformation. He called for reforms to expand lending to productive sectors and strengthen coordination on monetary policy, regulation, and supervision.
Key Points
- Finance Minister Dr. Swarnim Wagle said the FY 2083/84 budget provides a roadmap for Nepal’s economic transformation and must be implemented effectively.
- He asked commercial bank CEOs to offer suggestions on structural reforms needed to increase lending to productive sectors.
- Wagle sought feedback on monetary policy, banking regulation, supervision, and coordination between the Ministry of Finance, Nepal Rastra Bank, and the banking industry.
- He said the government and banks share a national responsibility to boost investment, production, jobs, and financial stability.
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