A New Era for Nepal’s Banking Sector: IMF Leadership Change

A New Era for Nepal’s Banking Sectors
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29th November 2024, Kathmandu

The Nepal Bankers’ Association (NBA) recently organized a program to bid farewell to the outgoing IMF Resident Representative to Nepal, Ms. Teresa Daban Sanchez, and to warmly welcome her successor, Mr. Pranav Kumar Gupta.

A New Era for Nepal’s Banking Sector

Recognizing Contributions of Ms. Teresa Daban Sanchez

During the event, NBA President, Mr. Sunil KC, expressed heartfelt gratitude to Ms. Sanchez for her exceptional support, collaboration, and insights throughout her tenure. Her contributions were instrumental in shaping prudent financial policies and bolstering the resilience of Nepal’s financial sector. Mr. KC commended her unwavering dedication to promoting sustainable economic practices and thanked her for fostering a strong partnership with the NBA.

Welcoming Mr. Pranav Kumar Gupta

Welcoming the incoming IMF representative, Mr. Pranav Kumar Gupta, Mr. KC shared NBA’s optimism for continued collaboration. He emphasized the critical role of the IMF’s expertise in fostering economic growth, enhancing financial stability, and supporting the ongoing development of Nepal’s banking sector.

Strengthening NBA-IMF Collaboration

The meeting served as a platform to reaffirm the strong relationship between the International Monetary Fund (IMF) and NBA, underscoring a shared commitment to developing a robust and dynamic financial ecosystem. NBA extended its gratitude to the IMF for its continued guidance, which has been invaluable in strengthening the capabilities of the banking sector and promoting the adoption of global best practices.

A Vision for Nepal’s Banking Sector

The NBA remains committed to advancing Nepal’s financial sector by fostering innovation, resilience, and stability. The collaboration with the IMF is expected to further contribute to achieving these goals, ensuring that Nepal’s banking sector continues to thrive in an evolving global economy.

For more: A New Era for Nepal’s Banking Sector


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