THE FUND ,THE BANK and NEPAL
Political impasse, sluggish economic growth, droughts, floods and rising commodities prices have make cast a shadow on the high hope for Naya Nepal. In this time of crisis what could have offered comfort is a well-established and functioning financial sector that offers a range of products suited for the rural clientele and enables and supports those with meager incomes to tide them over tough times and secure their livelihood. Even though , in last 20 years the financial sector has flourished rapidly and the quantity and the type of financial institution have augmented ,access to financial service for low-income household in rural area has been unsatisfactory .Total number of Nepalese household bank account and borrowing from formal sector is still marginal .Inflow of domestic and foreign remittances through informal channel has mismanaged billion of dollars of remittances for consumption of imported goods and services rather than for saving and investment . Wit...