KATHMANDU — Deputy Prime Minister and Finance Minister Bishnu Prasad Paudel has emphasized the need for strengthening Nepal’s financial sector and attracting foreign investment to bolster the nation’s economic growth. Addressing the 58th anniversary of the Agricultural Development Bank, Minister Paudel highlighted concerns over the stagnation in loan disbursement despite encouraging deposit collections. He urged banks to explore strategies for increasing loan growth, which would contribute to enhancing production, productivity, and job creation.
Radio Nepal Online
In a separate initiative, Minister Paudel has been actively seeking to attract foreign investment, particularly from Japan. During the Nepal-Japan Friendship Summit 2025, he called on Japanese business leaders to invest in Nepal’s hydropower, tourism, and manufacturing sectors. He assured that the government has made efforts to ease the investment climate by amending laws through ordinances to address the concerns of the private sector.
Furthermore, Minister Paudel has directed relevant regulatory bodies to prioritize solutions in the financial sector. In a meeting with officials from various financial institutions, he emphasized the importance of addressing existing problems and prioritizing efforts towards liberalization of the financial sector. He highlighted that, despite economic improvements, it is crucial to resolve issues faced by regulatory bodies to enhance their effectiveness.
These initiatives reflect the government’s commitment to creating a conducive environment for investment and strengthening the financial sector to support Nepal’s economic development.
