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Resetting Nepal’s Parliament Through Evidence-Informed Lawmaking

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AI hallucinations in parliamentary discourse highlight the need for evidence-informed policymaking A major shift in Nepal’s political landscape by the youth intervention has been drawing attention across the world. And the House of Representatives election in March this year elected a majority of youth and mostly new faces. Parliament as the supreme policymaking body, youth …

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Nepal under threat of cyber heists

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The country is currently grappling with the threat of cyber heists alongside the adoption of new technologies, largely due to a lack of adequate awareness regarding their secure usage. Beyond the increasing incidents of financial fraud, data theft, and system disruption (such as ransomware), there is widespread activity involving defamation, bullying, and trolling through the …

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Financial Health of Banks in FY 2024/25

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Low-base effect fuels bank profit growth but challenges persist Banks’ performance and dividend payouts gained traction in Fiscal Year 2024/25, alongside an improvement in credit expansion. Unlike the situation in 2023/24, which was marked by low credit growth and high provisioning requirements, banks and financial institutions (BFIs) recorded a strong profit last fiscal year, as …

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Tick-the-Box Trainings Undermine Real Capacity Building

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The culture of learning and development (L&D) in the workplace has been gaining momentum, yet the effectiveness of these initiatives is frequently called into question. Although a wide array of trainings aimed at developing employee capacity are being offered with increasing frequency, there is a notable lack of emphasis on evaluating their impact or making …

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OPEC Fund provides $25 million loan to Global IME Bank to support MSMEs and enhance climate resilience

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The OPEC Fund for International Development (the OPEC Fund) has signed a USD25 million loan agreement with Global IME Bank Limited to increase access to financing for micro, small, and medium enterprises (MSMEs), including women-owned enterprises, as well as climate-smart projects. The OPEC Fund’s loan is expected to help address significant financing gaps for MSMEs, …

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Low credit growth, rising NPL hit Q2 profit of Commercial Banks

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Relatively low credit growth as compared to previous years and loan-loss provisioning against rising Non-Performing Loan (NPL) have hit the profit of commercial banks in the second quarter (mid-July to mid- January) of the current fiscal 2023/24. The unaudited financial statements disclosed by commercial banks show the average profit growth of 20 commercial banks in …

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