NIFRA Director Suman Pokhrel: Nepal Infrastructure Bank Leadership & Finance
21st April 2025, Kathmandu
Suman Pokhrel has been appointed as the new director of Nepal Infrastructure Bank (NIFRA). The decision was made during the 163rd board meeting of the bank.
NIFRA Director Suman Pokhrel
Pokhrel replaces Ratnaraj Vajracharya, who recently resigned due to personal work commitments. Pokhrel, previously the Deputy CEO at Global IME Bank, now takes on the responsibility of leading NIFRA in a new capacity.
Resignation of Ratnaraj Vajracharya
Ratnaraj Vajracharya had been serving as a director at NIFRA on behalf of the institutional shareholder, Global IME Bank. He stepped down after citing personal reasons that affected his ability to continue in the role. Vajracharya had also served as the CEO of Global IME Bank, contributing greatly to its leadership. After his resignation, Global IME Bank recommended Suman Pokhrel to take his place at NIFRA.
Pokhrel’s Experience and Leadership Role
Suman Pokhrel’s appointment is a significant move for NIFRA. Pokhrel has a strong background in banking and financial management, having held various leadership positions at Global IME Bank. His experience as the Deputy CEO of the bank makes him a valuable asset to NIFRA. Pokhrel is known for his expertise in business development, financial governance, and strategic management.
With his appointment, Pokhrel is expected to provide strong leadership and steer NIFRA toward its long-term objectives in infrastructure development. He brings with him a deep understanding of financial services, which will help enhance the bank’s governance and decision-making processes.
NIFRA’s Future and Strategic Vision
NIFRA plays a crucial role in financing infrastructure projects in Nepal. Under Pokhrel’s leadership, the bank is poised to further strengthen its operational capabilities and governance. His expertise will contribute to streamlining NIFRA’s internal processes and ensuring its projects are managed effectively.
Pokhrel will also oversee key financial strategies and ensure compliance with regulatory frameworks. He will work closely with other stakeholders to enhance NIFRA’s contribution to Nepal’s infrastructure sector. This includes supporting the government’s efforts in building critical infrastructure that is vital for the country’s economic growth.
Looking Ahead
Pokhrel’s leadership will guide NIFRA through its next phase of growth. His background in banking will help the organization continue to grow and thrive in the competitive financial sector. NIFRA’s mission to support Nepal’s infrastructure development aligns well with Pokhrel’s experience, making him well-suited to lead the bank in this crucial period.
As NIFRA embarks on new infrastructure initiatives, Pokhrel’s appointment signals a strong direction for the future. His leadership will ensure the organization remains efficient, focused, and capable of delivering the financial support needed for the country’s development goals.
In conclusion, Pokhrel’s appointment is a key step in NIFRA’s journey towards becoming a stronger player in Nepal’s infrastructure financing sector. His experience and leadership will help the bank achieve its goals and contribute to the long-term prosperity of Nepal.
For more: NIFRA Director Suman Pokhrel
