Bidushi Rana Calls for Growth-Oriented Monetary Policy to Boost Investment and Jobs

Kathmandu, July 5 – Member of Parliament Bidushi Rana has stressed the need for Nepal’s upcoming monetary policy to move beyond ensuring banking sector stability and focus on revitalizing the broader economy through increased investment, credit expansion, and private sector growth.

Speaking at an interaction organized by the House of Representatives’ Finance Committee with former governors of Nepal Rastra Bank, representatives of the Nepal Bankers’ Association, CBFIN, the Federation of Nepalese Chambers of Commerce and Industry (FNCCI), the Confederation of Nepalese Industries (CNI), and other financial sector stakeholders on the upcoming monetary policy, Rana emphasized that the country’s banking system should serve as a catalyst for economic growth.

“We do not need only safe banks; we also need vibrant industries, employed youth, and a growing economy,” Rana said, urging policymakers to adopt a more liberal and private sector-friendly monetary policy that facilitates greater credit flow and stimulates economic activities.

She argued that while financial regulation is essential to maintain stability, excessive regulatory measures could inadvertently constrain economic expansion. Stressing the importance of striking the right balance, Rana called for policies that simultaneously safeguard financial stability and encourage investment and entrepreneurship.

Highlighting the need for a shift in policy direction, she remarked, “Regulate, but don’t strangulate. The time has come for a more growth-oriented and liberal monetary policy that supports investment, jobs, and economic growth.”

The Finance Committee held the consultation as part of its preparations and stakeholder engagement ahead of the formulation of the upcoming monetary policy, bringing together key voices from Nepal’s banking, business, and financial sectors to discuss measures for strengthening the country’s economic recovery and long-term growth.