Nepal to host SAARC finance governors' symposium

Nepal Rastra Bank (NRB) will be hosting the SAARC Finance Governors’ Symposium in 2012.
The 26th meeting of the SAARC Finance governors that concluded in Washington this week during the joint meeting of World Bank (WB) and International Monetary Fund (IMF) has decided to hold the next symposium in Nepal.
During the visit — on September 23 to 25 — Nepali team including central bank governor Dr Yubaraj Khatiwada, finance minister Barsha Man Pun and finance secretary Krishna Hari Baskota requested the WB and IMF to reinstate the country offices of both the organisations in Nepal. “The request has been taken positively by the financial organisations quite positively,” according to the central bank.
The delegation also met with WB vice president for South-East Asia to discuss its aid to Nepal along with Nepal’s financial stability. They also met IMF Asia-PAcific chief Anup Singh regarding its aid and technical assistance. IMF’s Fiscal Affairs Department also reviewed the situation of financial sector reform of Nepal and future of technical assistance also.
The WB-IMF meeting discussed issues of achieving balanced growth from the current unbalanced growth trend. Nepal actively took part in the discussion that brain stormed on measures to be incorporated in monetary policies to minimise the impact of rising global prices.