NRB’s role in fueling inequality

The ever-increasing loanable fund crisis may drastically affect the livelihoods of the poor.

The summer of Kathmandu, quite scorching these days, has recently witnessed the pork barrelling of the budget for the upcoming fiscal year 2023-24. The lucky escape from the fall into the abyss of economic quandary a year ago, nudged by the prudent central bank of the country—Nepal Rastra Bank (NRB)—via import restrictions policy, should have rung the bells for a much-needed structural intervention. But our castle of expectations has, once again, fallen.