Nepal : Financial Sector Study
Although financial institutions have proliferated, the Nepalese people have not yet reaped the potential gains of the government's efforts to liberalize and reform the financial sector. There are four main reasons for this: excessive governmen...
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| Language: | English en_US |
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Washington, DC
2013
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| Online Access: | http://documents.worldbank.org/curated/en/2002/10/2045304/nepal-financial-sector-study http://hdl.handle.net/10986/15337 |
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okr-10986-153372021-04-23T14:03:15Z Nepal : Financial Sector Study World Bank ACCOUNTING ACCOUNTING PRACTICES ACCOUNTING PRINCIPLES ADB AGRICULTURE ASSET LIQUIDATION ASSETS AUDITING AUDITS AUTONOMY BANK SUPERVISION BANKING SECTOR BANKING SERVICES BANKING SUPERVISION BANKING SYSTEM BORROWING CAPITAL BASE CAPITAL MARKETS CIVIL SERVICE COMMERCIAL BANKS CONTINGENT LIABILITIES CONTINUOUS MONITORING CORPORATE GOVERNANCE DEBT DEPOSIT INSURANCE DEPOSITORS DEPOSITS DEVELOPMENT BANKING DEVELOPMENT BANKS ECONOMIC STATISTICS EXCESS LIQUIDITY EXCHANGE POLICY EXCHANGE RATE EXTERNAL AUDITORS FINANCIAL DATA FINANCIAL INFORMATION FINANCIAL INFRASTRUCTURE FINANCIAL INSTITUTIONS FINANCIAL INTERMEDIATION FINANCIAL MARKETS FINANCIAL PERFORMANCE FINANCIAL SECTOR FINANCIAL SECTOR DEVELOPMENT FINANCIAL SERVICES FISCAL YEAR FOREIGN EXCHANGE FRAUD GDP GNP GOVERNMENT BONDS GOVERNMENT SECURITIES GROSS DOMESTIC PRODUCT GROSS NATIONAL PRODUCT GUIDELINES HUMAN RESOURCE MANAGEMENT INFLATION INSOLVENCY INSURANCE INSURANCE INDUSTRY INTEREST RATE INTEREST RATES INTERNATIONAL ACCOUNTING STANDARDS INTERNATIONAL RESERVES LAWS LEGAL FRAMEWORK LEGISLATION LENDER OF LAST RESORT LIQUIDATION LIQUIDITY RATIO LOAN CLASSIFICATION MANAGEMENT INFORMATION SYSTEMS MANDATES MARGINAL BENEFITS MONETARY POLICY MONEY SUPPLY MORAL HAZARD MUTUAL FUND MUTUAL FUNDS NET WORTH OPEN MARKET OPERATIONS OPERATING COSTS ORGANIZATIONAL STRUCTURE OWNERSHIP STRUCTURE PENSIONS POVERTY ALLEVIATION PRIVATE BANKS PRIVATIZATION PROBLEM BANKS PRODUCERS PRODUCTIVITY PROFITABILITY PRUDENTIAL REGULATIONS REGULATORY FRAMEWORK RESERVE REQUIREMENT RESOURCE MOBILIZATION RETIREMENT RURAL COMMUNITIES SAVINGS SAVINGS SCHEMES SECURITIES SHAREHOLDERS SOUTH EAST ASIAN CENTRAL BANK STOCK EXCHANGES SUPERVISORY FRAMEWORK TAXATION TECHNICAL ASSISTANCE TRADING TRANSPARENCY MONETARY POLICY EXCHANGE RATES EXCESS LIQUIDITY FINANCIAL SECTOR REFORM COMMERCIAL BANKS DEVELOPMENT BANKS FINANCE COMPANIES MICROFINANCE PROGRAMS STOCK MARKETS SAVINGS BANKS BANK SUPERVISION OPEN MARKET OPERATIONS PAYMENTS SYSTEMS FINANCIAL INSTITUTIONS LEGAL FRAMEWORK NONGOVERNMENTAL ORGANIZATIONS INSOLVENCY LIQUIDATION SECURITIES REGULATION SECURED TRANSACTIONS REGULATORY FRAMEWORK PENSION FUNDS PENSION FUND MANAGEMENT CAPITAL MARKETS CORPORATE GOVERNANCE GOVERNMENT ROLE CENTRAL BANK ROLES INSTITUTION BUILDING Although financial institutions have proliferated, the Nepalese people have not yet reaped the potential gains of the government's efforts to liberalize and reform the financial sector. There are four main reasons for this: excessive government involvement in the sector, a weak central bank, a poor banking environment, and a lack of adequate banking services for the poor. The financial sector also faces other issues that impede its development such as a poorly functioning credit bureau, risky finance companies, a ceiling on foreign ownership, limited financial services, poor accounting standards, and limited use of information technology. In November 2000 the government issued a paper outlining its proposed financial sector reform program for the medium term, one which touches on all the major issues and provides sufficient basis for undertaking far-reaching reforms. While the government has committed to withdrawing from the sector as owner and operator, this study makes recommendations for making the government's strategy fully implementable. Recommendations center on five important principles: Withdrawing the government from ownership of financial institutions. Significantly strengthening the central bank to make it a fully professional institution. Restructuring the Asian Development Bank of Nepal and closing the Nepal Industrial Development Corporation. And creating an appropriate environment for establishing a sound financial sector. 2013-08-23T22:15:43Z 2013-08-23T22:15:43Z 2002-10-16 http://documents.worldbank.org/curated/en/2002/10/2045304/nepal-financial-sector-study http://hdl.handle.net/10986/15337 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank Washington, DC South Asia Nepal |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
ACCOUNTING ACCOUNTING PRACTICES ACCOUNTING PRINCIPLES ADB AGRICULTURE ASSET LIQUIDATION ASSETS AUDITING AUDITS AUTONOMY BANK SUPERVISION BANKING SECTOR BANKING SERVICES BANKING SUPERVISION BANKING SYSTEM BORROWING CAPITAL BASE CAPITAL MARKETS CIVIL SERVICE COMMERCIAL BANKS CONTINGENT LIABILITIES CONTINUOUS MONITORING CORPORATE GOVERNANCE DEBT DEPOSIT INSURANCE DEPOSITORS DEPOSITS DEVELOPMENT BANKING DEVELOPMENT BANKS ECONOMIC STATISTICS EXCESS LIQUIDITY EXCHANGE POLICY EXCHANGE RATE EXTERNAL AUDITORS FINANCIAL DATA FINANCIAL INFORMATION FINANCIAL INFRASTRUCTURE FINANCIAL INSTITUTIONS FINANCIAL INTERMEDIATION FINANCIAL MARKETS FINANCIAL PERFORMANCE FINANCIAL SECTOR FINANCIAL SECTOR DEVELOPMENT FINANCIAL SERVICES FISCAL YEAR FOREIGN EXCHANGE FRAUD GDP GNP GOVERNMENT BONDS GOVERNMENT SECURITIES GROSS DOMESTIC PRODUCT GROSS NATIONAL PRODUCT GUIDELINES HUMAN RESOURCE MANAGEMENT INFLATION INSOLVENCY INSURANCE INSURANCE INDUSTRY INTEREST RATE INTEREST RATES INTERNATIONAL ACCOUNTING STANDARDS INTERNATIONAL RESERVES LAWS LEGAL FRAMEWORK LEGISLATION LENDER OF LAST RESORT LIQUIDATION LIQUIDITY RATIO LOAN CLASSIFICATION MANAGEMENT INFORMATION SYSTEMS MANDATES MARGINAL BENEFITS MONETARY POLICY MONEY SUPPLY MORAL HAZARD MUTUAL FUND MUTUAL FUNDS NET WORTH OPEN MARKET OPERATIONS OPERATING COSTS ORGANIZATIONAL STRUCTURE OWNERSHIP STRUCTURE PENSIONS POVERTY ALLEVIATION PRIVATE BANKS PRIVATIZATION PROBLEM BANKS PRODUCERS PRODUCTIVITY PROFITABILITY PRUDENTIAL REGULATIONS REGULATORY FRAMEWORK RESERVE REQUIREMENT RESOURCE MOBILIZATION RETIREMENT RURAL COMMUNITIES SAVINGS SAVINGS SCHEMES SECURITIES SHAREHOLDERS SOUTH EAST ASIAN CENTRAL BANK STOCK EXCHANGES SUPERVISORY FRAMEWORK TAXATION TECHNICAL ASSISTANCE TRADING TRANSPARENCY MONETARY POLICY EXCHANGE RATES EXCESS LIQUIDITY FINANCIAL SECTOR REFORM COMMERCIAL BANKS DEVELOPMENT BANKS FINANCE COMPANIES MICROFINANCE PROGRAMS STOCK MARKETS SAVINGS BANKS BANK SUPERVISION OPEN MARKET OPERATIONS PAYMENTS SYSTEMS FINANCIAL INSTITUTIONS LEGAL FRAMEWORK NONGOVERNMENTAL ORGANIZATIONS INSOLVENCY LIQUIDATION SECURITIES REGULATION SECURED TRANSACTIONS REGULATORY FRAMEWORK PENSION FUNDS PENSION FUND MANAGEMENT CAPITAL MARKETS CORPORATE GOVERNANCE GOVERNMENT ROLE CENTRAL BANK ROLES INSTITUTION BUILDING |
| spellingShingle |
ACCOUNTING ACCOUNTING PRACTICES ACCOUNTING PRINCIPLES ADB AGRICULTURE ASSET LIQUIDATION ASSETS AUDITING AUDITS AUTONOMY BANK SUPERVISION BANKING SECTOR BANKING SERVICES BANKING SUPERVISION BANKING SYSTEM BORROWING CAPITAL BASE CAPITAL MARKETS CIVIL SERVICE COMMERCIAL BANKS CONTINGENT LIABILITIES CONTINUOUS MONITORING CORPORATE GOVERNANCE DEBT DEPOSIT INSURANCE DEPOSITORS DEPOSITS DEVELOPMENT BANKING DEVELOPMENT BANKS ECONOMIC STATISTICS EXCESS LIQUIDITY EXCHANGE POLICY EXCHANGE RATE EXTERNAL AUDITORS FINANCIAL DATA FINANCIAL INFORMATION FINANCIAL INFRASTRUCTURE FINANCIAL INSTITUTIONS FINANCIAL INTERMEDIATION FINANCIAL MARKETS FINANCIAL PERFORMANCE FINANCIAL SECTOR FINANCIAL SECTOR DEVELOPMENT FINANCIAL SERVICES FISCAL YEAR FOREIGN EXCHANGE FRAUD GDP GNP GOVERNMENT BONDS GOVERNMENT SECURITIES GROSS DOMESTIC PRODUCT GROSS NATIONAL PRODUCT GUIDELINES HUMAN RESOURCE MANAGEMENT INFLATION INSOLVENCY INSURANCE INSURANCE INDUSTRY INTEREST RATE INTEREST RATES INTERNATIONAL ACCOUNTING STANDARDS INTERNATIONAL RESERVES LAWS LEGAL FRAMEWORK LEGISLATION LENDER OF LAST RESORT LIQUIDATION LIQUIDITY RATIO LOAN CLASSIFICATION MANAGEMENT INFORMATION SYSTEMS MANDATES MARGINAL BENEFITS MONETARY POLICY MONEY SUPPLY MORAL HAZARD MUTUAL FUND MUTUAL FUNDS NET WORTH OPEN MARKET OPERATIONS OPERATING COSTS ORGANIZATIONAL STRUCTURE OWNERSHIP STRUCTURE PENSIONS POVERTY ALLEVIATION PRIVATE BANKS PRIVATIZATION PROBLEM BANKS PRODUCERS PRODUCTIVITY PROFITABILITY PRUDENTIAL REGULATIONS REGULATORY FRAMEWORK RESERVE REQUIREMENT RESOURCE MOBILIZATION RETIREMENT RURAL COMMUNITIES SAVINGS SAVINGS SCHEMES SECURITIES SHAREHOLDERS SOUTH EAST ASIAN CENTRAL BANK STOCK EXCHANGES SUPERVISORY FRAMEWORK TAXATION TECHNICAL ASSISTANCE TRADING TRANSPARENCY MONETARY POLICY EXCHANGE RATES EXCESS LIQUIDITY FINANCIAL SECTOR REFORM COMMERCIAL BANKS DEVELOPMENT BANKS FINANCE COMPANIES MICROFINANCE PROGRAMS STOCK MARKETS SAVINGS BANKS BANK SUPERVISION OPEN MARKET OPERATIONS PAYMENTS SYSTEMS FINANCIAL INSTITUTIONS LEGAL FRAMEWORK NONGOVERNMENTAL ORGANIZATIONS INSOLVENCY LIQUIDATION SECURITIES REGULATION SECURED TRANSACTIONS REGULATORY FRAMEWORK PENSION FUNDS PENSION FUND MANAGEMENT CAPITAL MARKETS CORPORATE GOVERNANCE GOVERNMENT ROLE CENTRAL BANK ROLES INSTITUTION BUILDING World Bank Nepal : Financial Sector Study |
| geographic_facet |
South Asia Nepal |
| description |
Although financial institutions have
proliferated, the Nepalese people have not yet reaped the
potential gains of the government's efforts to
liberalize and reform the financial sector. There are four
main reasons for this: excessive government involvement in
the sector, a weak central bank, a poor banking environment,
and a lack of adequate banking services for the poor. The
financial sector also faces other issues that impede its
development such as a poorly functioning credit bureau,
risky finance companies, a ceiling on foreign ownership,
limited financial services, poor accounting standards, and
limited use of information technology. In November 2000 the
government issued a paper outlining its proposed financial
sector reform program for the medium term, one which touches
on all the major issues and provides sufficient basis for
undertaking far-reaching reforms. While the government has
committed to withdrawing from the sector as owner and
operator, this study makes recommendations for making the
government's strategy fully implementable.
Recommendations center on five important principles:
Withdrawing the government from ownership of financial
institutions. Significantly strengthening the central bank
to make it a fully professional institution. Restructuring
the Asian Development Bank of Nepal and closing the Nepal
Industrial Development Corporation. And creating an
appropriate environment for establishing a sound financial sector. |
| author |
World Bank |
| author_facet |
World Bank |
| author_sort |
World Bank |
| title |
Nepal : Financial Sector Study |
| title_short |
Nepal : Financial Sector Study |
| title_full |
Nepal : Financial Sector Study |
| title_fullStr |
Nepal : Financial Sector Study |
| title_full_unstemmed |
Nepal : Financial Sector Study |
| title_sort |
nepal : financial sector study |
| publisher |
Washington, DC |
| publishDate |
2013 |
| url |
http://documents.worldbank.org/curated/en/2002/10/2045304/nepal-financial-sector-study http://hdl.handle.net/10986/15337 |
| _version_ |
1764427017825026048 |