Respected CEOs,
I warmly welcome you all.
Today’TAG_OPEN_p_30 s meeting is not just a formal discussion, it is another step in a common campaign to revive Nepal’s economy. After an intense dialogue with private entrepreneurs, today we sit with you who are leading the financial system. Because the banking system is at the center of production, investment, savings, financial confidence and economic activity.
In fact, commercial banks are the most important confluence of the economy.TAG_OPEN_p_29 Savers, entrepreneurs, farmers, industrialists, investors and youths who want to start new businesses also come here. Therefore, you can most clearly understand the real psychology of the economy, the confidence of the market, the thinking of the investors and the expectations for the future.
Through the budget, we have set a clear direction for Nepal’s economic transformation.TAG_OPEN_p_28 Now our focus is on implementation. Therefore, today I have come to listen to your experiences and suggestions to solve the problems seen in the economy along with the implementation of the budget.
We all have the same goal — to revive Nepal’TAG_OPEN_p_27 s economy. Increase investment. Expand production. Creating jobs. and restoring the confidence of the private sector.
}On behalf of the government, we are moving forward in the process of regulatory, legal and institutional reforms. But one question we need to ask ourselves is—are these reforms enough? What else should be done?
Today I would like to have an open and frank discussion on this particular topic.
What is the psychology of Nepal’s economy today? Why are businessmen reluctant to expand? Why has the demand for loans not increased even when interest rates are historically low? Why has the excess liquidity in the banking system not been converted into production and investment? Does the solution lie in monetary policy, fiscal policy, or private sector confidence?
What structural reforms are needed to increase the flow of credit to the productive sector of the banking system? What new approach should be adopted in monetary policy, regulation and supervision? How can the coordination between the Ministry of Finance, Nepal Rastra Bank and the banking sector be made more effective?
I would like you to have a clear and frank opinion on these matters.
Today’s discussion will not be limited to identifying the problem. We want to move ahead with solutions, timelines and responsibility. We will reform the law where there is a need for legal reform. Where there is a procedural problem, we will change the process. We will coordinate where there is a need for institutional coordination. We will not shy away from taking a decision where it is necessary from the government.
} We want to make the economy confident, decisive and optimistic about the future, not in a reactive way. Therefore, let us take today’s meeting not as a periodic dialogue with the banking sector, but as a workshop to make Nepal’s financial system a leading partner in economic transformation.
I want to make one thing clear: the relationship between the government and the banking sector is not just that of regulatory and regulatory bodies; It is a relationship of shared national responsibility. Economic growth, investment expansion, job creation and financial stability are our common objectives. So today’s suggestions will not be limited to just discussion; We are committed to translating them into a clear roadmap for implementation.
We all share the same agenda: build trust, expand investment, increase production, and usher Nepal into a new phase of high growth and high productivity.TAG_OPEN_p_18
Let’s have an open discussion on the problem, let’s find a solution. Let’s draw actionable conclusions from today’s dialogue.
Thank you.
