The Cabinet of Ministers is set to meet today at 3 PM at the Office of the Prime Minister and Council of Ministers in Singha Durbar. The information was confirmed by Prime Minister KP Sharma Oli’s secretariat.
This will be Prime Minister Oli’s first cabinet meeting since returning from the BIMSTEC summit held in Thailand, drawing attention from both political and economic circles.
According to government sources, there is a high possibility that today’s meeting may finalize the appointment of the new Governor of Nepal Rastra Bank (NRB). The previous governor, Maha Prasad Adhikari, officially completed his five-year term on Chaitra 24 (April 6), although he had already taken leave from office on Chaitra 22.
As per the Nepal Rastra Bank Act, 2058, a new governor should be appointed at least a month before the position becomes vacant. However, the government has not yet made the appointment. A recommendation committee has been formed, but it has yet to submit a name to the Cabinet for approval.
Now, all eyes are on today’s meeting — will the long-awaited decision finally be made? The appointment of the next NRB governor is expected to have a significant impact on Nepal’s financial policies and overall market sentiment.
