MP Bhandari Proposes Three-Year Term for Nepal Rastra Bank Governor with Extension Option
Summary
Rastriya Swatantra Party MP Niti Maya Bhandari has backed a three-year term for the Nepal Rastra Bank governor, with a possible two-year extension based on performance. She said the arrangement would improve stability and reflect Nepal’s political and institutional realities.
Key Points
- Niti Maya Bhandari said a three-year term for the Nepal Rastra Bank governor with a two-year extension is appropriate.
- She made the remarks during the Finance Committee’s discussion on the bill to amend the Nepal Rastra Bank Act, 2058.
- Bhandari argued that stable tenure would help protect institutional stability and reduce disputes over a governor’s removal.
- She said the governor should be an experienced executive with a clear vision, not someone who needs time to learn on the job.
