Fighting the Liquidity Crisis with Anil Kesary Shah

Date: 25 Feb 2022

Time: 11AM

Event Venue: Kathmandu

CNIYEF members got the opportunity to interact with Mr. Anil Kesary Shah (CEO, Nabil Bank) where he gave his insights into the Liquidity crisis that Nepal faces. It was a tightly packed 1.5-hour session which saw his perspectives on a variety of issues.
Key Takeaways:
Nepal should capitalize on tourism which can come in several forms – International tourists, medical tourism, etc.
Nepal Government should look at ways to incentive FDI in alternate forms such as attracting international matches.
Manufacturing in Nepal can help convert Nepal from import dependency to self-reliance, which will in turn help support the BOP crisis.
Pegging of INR to NPR has helped stabilize NPR at times of crisis such as now.
He shared very interesting stories from the past, which only solidified his solutions. The biggest takeaway remains that this is the time to act, as individuals – each of us should contribute to steering Nepal into a bigger and a better economy in the coming years.