Comparison between Incumbent and Past Governors of Nepal.
Dr Yubraj Khatiwada When Dr Khatiwada joined the office as a governor, most of the macroeconomic indicators were forced people to ask whether Nepal is going to be a failed economy. The credit crunch, high inflation and low economic growth were the major challenges in front of him. At the end of his tenure, he gained faith from the people that he protected the economy through micro-monetary management. He framed the monetary system of the country. He introduced Merger and Acquisition aiming to minimise the cross holding in different banks. Later on, it became the best tool to stabilise the banking system of the country. His best effort was found in real estate investment, in which he caps the banking lending, which becomes a turning point for protecting this industry from an accident. His practices towards using monetary instrument were significant. His personality worked on implementing the monetary policy throughout his tenure. Unfortunately, he was unabl...