MP Kandel Proposes Five-Year Term for Nepal Rastra Bank Governor
Summary
CPN-UML lawmaker Dr. Pushparaj Kandel has proposed a five-year term for the Governor of Nepal Rastra Bank, or at least four years if five is not possible. He also urged that the central bank’s annual report be made directly accountable to Parliament instead of only to the Ministry of Finance.
Key Points
- Dr. Pushparaj Kandel proposed that the Nepal Rastra Bank governor should have a fixed five-year term, or at least four years.
- He argued that a three-year term with a possible two-year extension would weaken the governor’s autonomous decision-making.
- Kandel said the central bank’s annual report should go directly to Parliament for accountability.
- He said he would record a dissenting opinion if the committee keeps the current provision.
