NRB Governor stresses on joint initiatives for rescuing economy

Kathmandu - Nepal Rastra Bank (NRB) Governor, Maha Prasad Adhikari has stressed on the need of the governments and the central banks of AFI and G 24 member states to focus on reviving the economy dented by COVID-19. The Central Bank Governor expressed this view while addressing the Roundtable Meeting of the G 24 AFI Policymakers on Wednesday. On the occasion he reiterated focusing on resource management and promotion of policy and regulatory concessions and digital banking system for the revival of the small and medium enterprises/ businesses.

Governor Adhikari suggested taking the adverse situation brought about by the global coronavirus pandemic as an opportunity to promote the electronic pay system and e-commerce. "Promotion of digital banking can help in enhancing youth employment and entrepreneurship development," he said. Also the Board Member of the Alliance for Financial Inclusion (AFI), Governor Adhikari said the problems seen due to COVID-19 should also be seen as opportunities.