KATHMANDU: Governor of Nepal Rastra Bank (NRB) Maha Prasad Adhikari has been elected as the chairman of SAARCFinance, a network of Central Bank Governors and Finance Secretaries of the South Asian Association for Regional Coperation (SAARC) region.
A meeting of the 42nd SAARCFinance Governors Group elected Adhikari as chairman for one year with effect from November 16.
The virtual meeting organized by Maldives Monetary Authority was attended by governors and deputy governors of central banks of SAARC countries, including NRB, Reserve Bank of India, Bangladesh Bank, Monetary Authority of Bhutan, State Bank of Pakistan, Bank of Sri Lanka.
NRB informed that SAARCFinance member governors briefed about the macroeconomic situation of their respective countries, discussed issues of common interest and cooperation, including balance of payments, foreign exchange reserves, inflation, credit flow, liquidity management, electronic payments, manpower management, hydropower and tourism, among others.
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