15th May 2025, Kathmandu
Prime Minister KP Sharma Oli has assured the public that the upcoming appointment of the Governor of Nepal Rastra Bank will be made based on meritocracy. He emphasized that personal closeness or political favoritism will not influence the decision.
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Meritocracy Over Loyalty
Speaking at the official launch event of the Former Planners’ Forum Nepal in Kathmandu, PM Oli said he would not appoint someone just because they are personally close to him.
“I have no personal choice for Nepal Rastra Bank. The Governor must be capable. The country needs someone who can work, not someone who is just ‘my person,’” he stated.
According to Oli, appointments based on merit strengthen institutions. Therefore, the government should focus on choosing the most qualified person, regardless of political or personal ties.
Transparent Selection Process
PM Oli highlighted that he values transparency in public appointments. He stated that the new Governor will be selected based on ability, not affiliation.
“I may be the Prime Minister, but I’m not the government alone,” he added.
This statement comes amid speculation about possible political interference in high-level appointments. Oli’s remarks aim to reassure the public that capable individuals will lead important institutions.
Other Commissions Followed Similar Principles
The Prime Minister also addressed the recent appointments in the Truth and Reconciliation Commission and the Commission for the Investigation of Enforced Disappeared Persons.
He clarified that these appointments were made through a formal recommendation process. The selection committee proposed candidates based on their experience and capacity.
He admitted to knowing one of the commission chairs from their tenure as Chief Secretary. However, he firmly stated that he has no personal relationship with any other appointed officials.
Support for Former Planners’ Forum
PM Oli expressed good wishes for the Former Planners’ Forum Nepal, which was officially inaugurated at the same event. The organization brings together experienced planners and policymakers to share insights and solutions for national development.
He encouraged the forum to promote knowledge exchange and collaboration.
“Let this be a space for sharing ideas and experiences. Let’s avoid personality clashes and focus on building a sustainable institution,” he said.
Why This Matters
Nepal Rastra Bank plays a vital role in guiding Nepal’s monetary policy and maintaining financial stability. With the Governor’s seat vacant, the appointment of a new leader is critical.
The next Governor will need to address economic challenges, including inflation, liquidity issues, and post-pandemic recovery. A strong and capable leader can help boost public confidence and attract international support.
Public Expectations Are High
Citizens and economic experts have long demanded that key posts be filled by competent professionals, not political loyalists. There is growing frustration over appointments influenced by personal or party connections.
By promising to prioritize merit, PM Oli has raised expectations. His statement is likely to be welcomed by stakeholders seeking reform and institutional strength.
However, observers will closely monitor whether his actions match his words. The actual appointment will be a key test of his government’s commitment to good governance.
Looking Ahead
In today’s rapidly changing global economy, leadership in financial institutions is more important than ever. The central bank must remain independent, competent, and forward-looking.
PM Oli’s strong statement about appointing a qualified Governor could mark a turning point. If followed through, it may set a new standard for public appointments in Nepal.
Conclusion
Prime Minister Oli has made it clear: personal connections will not decide the next Governor of Nepal Rastra Bank. Instead, the decision will be guided by ability, experience, and merit. With important national institutions at stake, all eyes are now on the government to deliver on this promise.
For more: NRB Governor Appointment