Nepal has requested with World Bank for another financial sector support program. As per the information available from Nepal Rastra Bank (NRB), the program has been designed and submitted to the World Bank in November, 2011. The program has accommodated three components: regulation of NRB, loan protection and capacity building. The proposal of Government of Nepal (GoN) will be discussed in the upcoming Board Meeting of World Bank in April 2012.
The decade long '’Financial Sector Reform Program (FSRP)’ supported by World Bank was finished in 31st December 2011. The FSRP has been failed to meet its objectives. The program was started to smoothen the financial sector of Nepal, mainly to strengthen the situation of Nepal Development Bank (NDB) and Rastriya Banijya bank (RBB). Both of these banks are still struggling to maintain the capital and protect the bad loan they had dispersed.
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