Much of Nepal’s current economic predicament can be traced to a series of shocks and policy responses that have reshaped the country’s financial landscape over the past decade. The optimism that followed federal restructuring and post-earthquake reconstruction has gradually given way to slower growth, weak private sector confidence, excess liquidity in the banking system, and growing concerns about financial sector vulnerabilities. These developments have also elevated the significance of monetary policy and the institutions responsible for managing it.
Examining the evolving role of Nepal Rastra Bank, Mr. Anal Raj Bhattarai discusses the challenges confronting the incoming Governor. He stresses the importance of preserving institutional autonomy, improving the effectiveness of monetary policy transmission, and addressing rising non-performing assets to strengthen financial stability and support a more resilient economic recovery.
The text is an abridged and translated version of the April 2025 edition of Sambaad @ Samriddhi. Sambaad @ Samriddhi is a monthly discussion on contemporary issues held on the last Friday of each month. In this edition, C.A. Anal Raj Bhattarai shares his insights on Nepali Economy and the Priorities of the New Governor Appointee. The discussion was moderated by Robin Sitoula.
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