March 5: Prime Minister Pushpa Kamal Dahal on Sunday said his government has taken the problems facing the banks and financial institutions seriously and pledged to address them at the earliest.

At the meeting held in the Office of Prime Minister and Council of Ministers to identify and resolve the problems facing banks and financial institutions on Sunday, Prime Minister Dahal said that his government had taken various financial issues, including hefty interest rate of the banks, problems seen in microfinance, businessmen’s concerns and some elements trying to create financial anarchy, very seriously and was reday to resolve them as early as possible. 

“Businessmen are complaining about interest rates, media are reporting problems seen in microfinance and some people are trying to fish in the murky water by trying to spark financial chaos,” Dahal added.

Saying that country’s financial condition was in a difficult position, Dahal reminded that his government had decided to solve the financial problems through the joint efforts of the private and government sectors.

Nepal Rastra Bank’s Governor Maha Prasad Adhikari made a brief presentation on the current financial condition and claimed that the country’s economy was moving in the positive direction. 

Government Chief Secretary, Secretary of the Ministry of Finance, NRB Governor, representatives of Federation of Nepalese Chamber of Commerce and Industries (FNCCI), and representatives of various businesses and bankers’ associations were present at the meeting.