Confederation of Banks and Financial Institutions Nepal Welcomes FY 2083/84 Budget

Kathmandu. Confederation of Banks and Financial Institutions Nepal (CBFIN) has welcomed the budget for the fiscal year 2083/84 brought by the Government of Nepal. Stating that the budget has focused on economic revival, boosting private sector morale, promoting investment, and building a production-oriented economy, CBFIN has called it a positive and timely step.

In a statement issued by CBFIN's Director General Roshan Koirala, it is mentioned that the budget has created a new basis of hope and confidence to revive the economy, which has been sluggish for some time, to overcome the 'wait and see' attitude of investors and the current challenge of not being able to expand credit as expected from the banking sector.