By A Staff Reporter, Kathmandu, July 17: Prime Minister Balendra Shah has shown special initiative to make the national economy more dynamic, stronger and business-friendly without delay.
The Prime Minister on Thursday summoned Nepal Rastra Bank Governor Prof. Dr. Biswo Nath Poudel to the Office of the Prime Minister and Council of Ministers in Singha Durbar, where he suggested introducing the necessary flexibility and facilitation in the monetary policy for the fiscal year 2026/27 to support the country’s overall economic development, ensure stability of the stock market and promote entrepreneurship.
During the discussion, which lasted for around an hour, the Prime Minister expressed his belief that confidence in the national economy could be restored only through close cooperation between the government and the central bank.
During the meeting, the Prime Minister stressed that Nepal Rastra Bank should play a parental
and supportive role in maintaining the confidence and morale of ordinary investors participating in the capital market.
He suggested easing certain restrictive or cumbersome provisions in the monetary policy to create a more favourable and encouraging environment for investment in the stock
market, while also highlighting the need for positive reforms in the business sector.
The Prime Minister urged the central bank to ensure an environment in which both small and large entrepreneurs wishing to establish industries, businesses and create employment opportunities within the country could invest without fear.
He also called for bank lending conditions and interest rates to be made more business-friendly.
He further stated that, for the country’s long-term economic development, monetary policy instruments should be mobilised to provide priority access to concessional loans for women entrepreneurs and businesspeople from economically and socially disadvantaged communities, enabling them to participate more fully in the mainstream economy.
During the discussion, Governor Poudel reaffirmed that Nepal Rastra Bank was committed to
making its monetary policy and overall policy direction highly professional, flexible and responsive to the needs of the time.
He emphasised that the shared objective of both the government and the central bank was to accelerate economic growth, adding that the central bank would not adopt policies that would create unnecessary difficulties or fear among businesses or the public.
Governor Poudel also pledged that Nepal Rastra Bank would provide full policy support to everyone,
from stock market investors to domestic entrepreneurs, while working to make the overall economy more dynamic.
The Rising Nepal
