Kathmandu, July 8: President Bidya Devi Bhandari has stated that NRB has been an effective monetary, regulatory and supervisory authority of the banks and financial institutions in the country
Laying the foundation stone for NRB’s Central Office Building, President Bhandari wished that the building should be built on time.
She is hopeful that monetary policy to be issued by the NRB in future would help achieve the government’s motto of ‘Prosperous Nepal, Happy Nepali’. The Head of the State underlined the need for increasing investment in agriculture, industry, hydro resources and tourism among others for rapid socio-economic transformation.
Similarly, Minister for Finance Dr. Yuba Raj Khatiwada said that the country is still in the phase of re-structuring of the financial sector. According to him, the government accorded highest priority to distribution system based on social justice for economic growth.
The Minister viewed that the Bank could play an important role for reducing inflation and trade deficit. (RSS)