During deliberations on amending the Nepal Rastra Bank Act, 2002, the Finance Committee under the House of Representatives reached an agreement to include a mandatory provision for board composition. Lawmakers agreed that the central bank's seven-member board of directors must include at least one female member.
Finance Minister Dr. Swarnim Wagle had addressed the committee, emphasizing the need to enhance the central bank's proactivity and accountability. This amendment aims to enhance institutional representation and diversity within Nepal's primary monetary regulatory institution.