Washington DC: Governor of Nepal Rastra Bank, Mahaprasad Adhikari, has expressed confidence in the stability of Nepal’s financial sector, highlighting balanced inflation levels and a strong foreign exchange reserve. Speaking at the 46th meeting of the SAARC Finance Governors Forum on Friday, Adhikari assured that Nepal’s reserves are currently sufficient to cover 13 months of imports for goods and services, reflecting the country's solid economic position.

Adhikari emphasized that Nepal's remittance inflows have remained steady, bolstering the country’s foreign exchange and contributing to the overall stability of its financial markets. He highlighted that this consistency in remittances, coupled with an adequately regulated financial sector, has provided a cushion against economic volatility. He credited these factors for fostering a positive economic environment and strengthening Nepal’s financial standing regionally and globally.

The SAARC Finance Governors Forum focused on key issues such as enhancing regional financial cooperation, promoting collaborative research, and building capacity among member states. Governors and financial leaders from SAARC countries discussed shared challenges and explored ways to advance the regional financial system, underscoring the importance of cross-border cooperation in achieving sustainable economic growth in South Asia.

Governor Adhikari’s participation is part of a broader engagement in Washington, where he is attending events hosted by the World Bank. He is part of a Nepali delegation led by Deputy Prime Minister and Finance Minister Bishnu Prasad Paudel. The delegation aims to represent Nepal’s interests in discussions on global finance and development, seeking ways to reinforce Nepal’s economic stability amid evolving regional and global challenges.