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Nepal's Government Criticized for Delayed Bank Governor Appointment

5/8/2025

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Summary

Story summary

The Nepali government is under fire for its sluggishness in appointing a new Rastra Bank governor, a position left vacant since March 24. Lawmakers are alarmed by the absence of leadership as the budget preparation looms. Acting governor Neelam Dhungana's ambitions are questioned, sparking fears of business interests swaying the appointment process.

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Story summary

The Nepali government is under fire for its sluggishness in appointing a new Rastra Bank governor, a position left vacant since March 24. Lawmakers are alarmed by the absence of leadership as the budget preparation looms. Acting governor Neelam Dhungana's ambitions are questioned, sparking fears of business interests swaying the appointment process.