NRB targets 8.5% growth
The economic growth target for 2019-2020 is 8.5%, according to the monetary policy released by the Nepal Rastra Bank (NRB) on Wednesday. The policy focuses on promoting credit growth and addressing liquidity problems in the private sector. Domestic credit growth is projected to be 24%. Bank mergers will be optional, says the policy, which offered two incentives for banks: extended deadlines for loans in the agriculture, energy and tourism sectors and no approval required before adding new branches.