Parliamentarians Push for Gender Quota and External Expertise in Nepal Rastra Bank Board

Parliamentarians are advocating for significant reforms to the Nepal Rastra Bank (Third Amendment) Bill 2083. Key proposals include mandating one female director on the central bank's five-member board to enhance gender representation. Additionally, calls have been made to appoint one Deputy Governor from outside the current internal structure, aiming to infuse fresh perspectives and specialized expertise. These amendments, totaling 76 proposals, seek to bolster governance and accountability within the nation's financial regulator. For investors, these changes signal a move towards greater institutional strength and potentially more robust monetary policies, indirectly fostering long-term market stability.

• Parliament seeks to mandate female director & external Deputy Governor in Nepal Rastra Bank.