Business

High level committee discusses implementation of monetary policy

KathmanduPati August 06, 2020

Kathmandu – The meeting of the high level financial sector coordination committee held discussion on the issues relating to the implementation of this years’ budget and monetary policy. The meeting focused on the fund set up for the payment to the workers in tourism sectors and other small industries which suffered much in the pandemic.

The meeting chaired by Finance Minister Dr Yubaraj Khatiwada also dwelt upon the management of re-financing, micro insurance and COVID insurance. A press release issued by the Finance Ministry states that issues that featured in the discussion included dematerializing of government debenture, secondary market transaction and restructuring of Nepal Stock Exchange and CDS and Clearing, concessional loan, amendment of regulation on hedging.

Finance Minister Dr Khatiwada directed the stakeholders concerned to be prepared in the next meeting for the immediate implementation of the national payment gateway.

The meeting was attended by Nepal Rastra Bank Governor, revenue secretary at Finance Ministry, Chairperson of Nepal Bankers’ Association, Registrar at Cooperative Department, Company Registrar, Chairperson of Beema Samiti, and Chairperson of Nepal Stock Exchange.