KATHMANDU: Nepal Rastra Bank Governor Dr. Biswo Nath Poudel on Thursday stressed the need for greater legal clarity to drive economic development, stressing that ambiguities in law have often hindered effective policymaking and implementation.
Speaking at a program welcoming the new executive committee of the Society of Economic Journalists-Nepal (SEJON), Governor Poudel said that clear interpretation of laws is vital not only for policymakers and regulators but also for journalists. “When the law is not well interpreted, it risks sending the wrong message to the public. That’s why legal clarity is essential across all sectors,” he said.
Dr. Poudel added that legal clarity is also crucial in addressing challenges emerging from the current economic and political situation. He expressed the central bank’s readiness to cooperate closely with SEJON, noting that journalism plays a key role in engaging with citizens.
On the issue of rebuilding structures damaged during the recent Gen-Z protests, the Governor assured that there would be no shortage of financial resources. However, he emphasized that governance reforms and administrative efficiency would be more critical than just funding.
“The protests also caused significant losses in the private sector, which has added to business concerns. But the only way forward is to rebuild confidence and move ahead with stronger morale,” he said.
Calling for renewed focus on creating a favorable investment climate, Dr. Poudel stressed the importance of retaining domestic capital while also attracting foreign investment. “If we can first create an environment that keeps Nepali investment within the country, the economy can regain momentum in a relatively short time,” he added.
Highlighting the broader requirements for economic progress, Poudel pointed to political stability, an investment-friendly environment, and stronger confidence in the private sector. He also underlined the need for systemic reforms to restore business confidence and stimulate sustainable growth.
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