Finance Minister States Government Efforts to Remove Nepal from FATF Grey List
Summary
Finance Minister Dr. Swarnim Wagle says the government is making a major effort to get Nepal removed from the FATF grey list. He said the move is being pushed internationally, with a team in Malaysia working on Nepal’s case and efforts underway to meet the US Treasury Secretary.
Key Points
- The government is making a major effort to remove Nepal from the FATF grey list, according to Finance Minister Dr. Swarnim Wagle.
- A team including officials from the Nepal Rastra Bank and the Attorney General’s Office is currently working in Malaysia to present Nepal’s case.
- Wagle said grey-listing is hurting Nepal’s financial credibility, correspondent banking, investment climate, and capital flow.
- He also said the government is pursuing policy reforms, private-sector cooperation, and climate-resilient reconstruction.
- The minister said international financial resources are also being sought for disaster damage and reconstruction.
