Kathmandu, 1 May – Former Governor of Nepal Rastra Bank, Maha Prasad Adhikari, has once again entered a key role in the country’s financial governance. The government has appointed him as a member of the Governor Recommendation Committee, filling the vacancy left by the resignation of former governor Bijay Nath Bhattarai.
Adhikari’s re-entry into the financial policy arena has sparked discussions about his legacy and public perception. Known for his calm demeanor and deep expertise in monetary and banking sectors, Adhikari is often regarded as a technically sound and experienced figure in Nepal’s financial system. His tenure as governor was generally seen as stable, with some praising his cautious and consistent approach to monetary policy.
However, like most public officials, opinions about him are mixed. While some credit him for maintaining financial discipline and ensuring stability during uncertain economic periods, others criticize him for not being bold enough in addressing deep-rooted banking challenges and economic shocks. His ability to navigate complex political and economic landscapes with professionalism has earned him respect, particularly within bureaucratic and academic circles.
The recent appointment came after a vacancy opened in the three-member recommendation committee chaired by Deputy Prime Minister and Finance Minister Bishnu Prasad Paudel. According to officials, Adhikari was selected due to his prior experience as a governor, fulfilling the legal requirements laid out in the Nepal Rastra Bank Act 2058.
With Deputy Governor Neelam Dhungana currently handling responsibilities as acting governor and also being a contender for the top job, the competition for the governorship remains intense. News reports suggest that there is a political consensus between the Nepali Congress and UML to appoint Dr. Gunakar Bhatta, Executive Director at the central bank, as the next governor—though this decision has yet to be formalized.
In this context, Adhikari’s role in the recommendation committee is viewed as significant, and potentially influential. His return has been welcomed by some as a sign of continuity and expertise, while others remain cautious, watching closely to see how much impact he will have in shaping the next leadership at the central bank.
Overall, Maha Prasad Adhikari continues to be a notable figure in Nepal’s financial sector, valued for his experience and professionalism, though public opinion about his effectiveness remains divided.
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