Kathmandu. Rajesh Upadhyay, vice-president of The Confederation of Banks and Financial Institutions (CBFIN), said that there is more liquidity in the market and the upcoming monetary policy should focus on where to manage the loans.

He informed that homework has been done on bad loan management and work is also being done in debt management companies. He opined that it would have been much better if the working capital guideline that came after corona had come 10 years ago. He said that the question is whether the time was right or not.

He said that there is no way to invest in Nepal as it will be blacklisted within one year of the loan breakdown. He said that the increase in non-performing loans is not only a matter of bank but also a matter of social concern. At present, no person can sell a house and pay taxes.

Now the expenditure has increased. The salary has not increased. Interest income has decreased by half, he said. He said that instead of hiding the bad loans, it is trying to show reality. Economist Dr Menuka Karki said the economy would be easier only if monetary policy and finance policy could go hand in hand. She said that there is a serious question whether the priority loan should be seen by the monetary policy or the financial policy.

She claimed that there was no coordination between monetary and fiscal policy. Former chief secretary Baikuntha Aryal said the objectives of finance and monetary policy were almost the same. In some cases, it seems that monetary policy speaks what monetary and monetary policy says.