NRB brings Strategic Plan for 2012-16
KATHMANDU, MAR 6:
Nepal Rastra Bank (NRB) today launched the second five- year ‘Strategic Plan’ for the period 2012- 2016. The plan contains NRB’s strategic priorities, objectives and action plans for the next five years.
Governor Dr Yuba Raj Khatiwada addressing the senior officials of the central bank at a launching programme, highlighted the importance of the ‘Strategic Plan’ and urged all NRB officials to implement the plan adopting proper integration, synergy and coordination among the departments. “NRB needs to be responsive to face challenges created by global integration, financial volatility and uncertainty in the international markets,” he said.
“In this complex environment, attaining the objectives of financial stability and macroeconomic stability is a growing challenge for the central bank,” he said, adding that there is a need for formulating annual programmes and allocating budget in line with the ‘Strategic Plan’ to serve the financial market and contribute in achieving the objectives enshrined in NRB Act. Deputy governor Gopal Prasad Kaphle praised the work done by the NRB officials involved in bringing out the plan and urged them to be proactive while implementing it.
Similarly, deputy governor Maha Prasad Adhikari noted that the plan is an outcome of consultative process involving the Board members, stakeholders and senior officials of the central bank and their contributions must be recognised. “Now the challenge is to ensure that all tasks are carried out as planned for which all officials are expected to work together,” Adhikari said. The ‘Strategic Plan’ contains NRB’s plans and actions for the next five years.
The strategic priorities, objectives and action plans are clustered into seven pillars, namely: Macroeconomic Stability, Financial Sector Stability, Foreign Exchange Management, Payment System and Mechanisms, Human Resources Management and Capacity Development, Infrastructure Development,Corporate governance and Customer Services, and Information and Communications Technology.
Source: THT
