Nepal’s banks appear resilient to the worst shocks of the pandemic, but there is discontent over a slow to change regulatory system, which is stifling growth.

Remittances from overseas workers comprise a significant portion of Nepal’s foreign currency reserves for this import-dependent country.

Maha Prasad Adhikari, governor of the central bank of Nepal, on the country’s current foreign exchange reserves crisis and the evolution of digital banking. 

Nepal is grappling with interest rate and liquidity volatility as well as a relatively large banking sector that has 28 commercial banks. Chiranjibi Nepal, governor of Nepal Rastra Bank, tells Stefania Palma how the central bank is addressing these issues.

Nepal faces parliamentary and inaugural provincial elections at the end of 2017 while being tasked with setting up a new federal system. Ministry of finance officials tell Stefania Palma how the government is coping.

Nepal’s banks have survived two years of upheaval, contending with violent earthquakes and India’s border blockade. Today, the sector hopes to address more systemic issues such as overbanking, political instability and cyber security threats. Stefania Palma reports.

Nepal's central bank governor, Chiranjibi Nepal, tells Peter Janssen about how the country's trade blockade with India actually helped its trade deficit, spells out his plans to strengthen the banking sector, and explains why remittances are so important to the economy.

Hit by an earthquake and trade blockade with India, Nepal has endured a tough few years. However, despite these events its banks have remained profitable, though much of this is explained by what many deem to be an over-reliance on remittances. Peter Janssen reports.

The two earthquakes that hit Nepal in April and May 2015 were the largest natural calamity in the country in over 80 years. Finance minister Ram Sharan Mahat describes how the country is recovering, and explains why the Nepal that rises from the rubble will be stronger than ever.