12th December 2024, Kathmandu
The Nepal Bankers’ Association (NBA), in collaboration with the International Finance Corporation (IFC) and Financial Literacy Nepal (FLN), successfully organized a capacity-building session in Bhairahawa.
Empowering Nepal’s Financial Future 2024
This event focused on Digital Financial Services, current issues in the banking sector, and the critical role of financial literacy in addressing these challenges. The program brought together experts, policy leaders, and banking professionals to deepen understanding and share strategies for Nepal’s evolving financial ecosystem.
Objectives of the Program
The event aimed to:
Enhance participants’ knowledge of Nepal’s rapidly evolving digital financial services.
Address pressing challenges faced by banks and the capital market.
Highlight the importance of financial literacy in solving banking and investment-related issues.
Key Highlights and Contributions
Mr. Ashim Nepal (Operations Officer, IFC):
Delivered the opening remarks, emphasizing the importance of digital financial literacy in empowering individuals and businesses.
Mr. Kapil Gautam (Senior Officer, NBA):
Provided an insightful presentation on digital payments, lending systems, and strategies to combat fraud prevention in Nepal’s banking sector.
Mr. Niraj Giri (Former Executive Director, SEBON):
Shared expert insights into the securities market, investment strategies, and the need for financial planning in the current economic landscape.
Mr. Bhuvan Dahal (Former NBA President):
Addressed the challenges faced by the banking industry and reiterated the significance of financial literacy in fostering sustainable growth.
Dr. Chiranjibi Nepal (Former Governor, NRB):
Shared policy-level recommendations for sector growth, offering a macroeconomic perspective on digital financial inclusion.
Mr. Kush Sudan Singh (Deputy Coordinator, NBA Lumbini):
Concluded the session with closing remarks, emphasizing the need for continuous skill-building initiatives to strengthen the financial sector.
Participation and Engagement
The program witnessed active participation from over 45 officials representing both Commercial and Development Banks. Discussions revolved around innovative banking solutions, challenges in cybersecurity, and strategies for digital transformation in Nepal.
Why Financial Literacy Matters
Financial literacy plays a vital role in:
Educating individuals and businesses about digital payments and cybersecurity measures.
Encouraging investments in Nepal’s securities market.
Building confidence in digital financial systems to promote economic inclusion.
Conclusion
This interaction program underscored the need for enhanced financial literacy and digital transformation in Nepal’s banking sector. By addressing current issues and fostering collaboration, the event paved the way for innovative solutions and sustainable banking practices.
For more: Empowering Nepal’s Financial Future 2024