At the 46th meeting of the SAARC Finance Governors Forum held on Friday, Nepal Rastra Bank (NRB) Governor Mahaprasad Adhikari announced that Nepal’s financial sector remains stable, with balanced inflation and robust foreign exchange reserves. Governor Adhikari highlighted that the country’s reserves are sufficient to cover 13 months’ worth of imports, underscoring a steady inflow of remittances and stability in the financial market.
The forum, which gathered governors from SAARC member states, focused on strengthening regional financial cooperation, enhancing collaborative research, and building capacity within the region. Governor Adhikari is also participating in several events at the World Bank as part of the Nepali delegation, led by Deputy Prime Minister and Finance Minister Bishnu Prasad Paudel, to address Nepal’s financial positioning and explore avenues for further development.
Governor Adhikari’s remarks emphasize Nepal’s resilience in the current economic climate, highlighting efforts to maintain stability and foster regional financial collaboration amidst global uncertainties.
26th Oct 2024
Comments