Finance Minister Wagle Announces 10 to 12 Point Special Reform Package for Capital Market
Summary
Finance Minister Dr. Swarnim Wagle said the government will introduce a 10 to 12 point special reform package to address weaknesses in Nepal’s capital market and support its expansion. He also said policy measures are being prepared to restore investor confidence, tackle cooperative sector problems, and channel bank funds toward productive sectors.
Key Points
- The government will introduce a 10 to 12 point special reform package for Nepal’s capital market, according to Finance Minister Dr. Swarnim Wagle.
- Wagle said irresponsible activities in the past contributed to current problems in the market and that steps will be taken to prevent further deterioration.
- He said the cooperative sector crisis has hurt local economic activity and needs to be resolved to improve the situation.
- The government is preparing measures to redirect banking-sector funds toward production and job creation rather than real estate and stocks.
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