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APRACA Nominates NRB as President

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APRACA Nominates NRB as President
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November 11: Nepal Rastra Bank (NRB) has been nominated as President of Asia Pacific Rural and Agriculture Credit Association (APRACA). The 20th General Assembly started from November 9 and 37th Executive Committee Meeting of the association handed over the workload to NRB from 2016 to 2018.

Similarly, the association organized a workshop ‘Emerging Opportunities and Challenges of Financial Inclusion in Asia-Pacific Region'  which was inaugurated by Dr Chiranjivi Nepal, Governor of NRB. Speaking at the workshop, Governor Nepal said that lack of reach in economic sources and financial illiteracy are the global challenges for the economic prosperity. “Everyone should practice for inclusive financial growth utilizing the digital payment system for maximum,” he pointed.

  Likewise, S.K. Sur Chowdhury, Governor of Bangladesh Bank opined that poverty has created social discrimination and economic inclusion is necessary to end the discrimination.

According to the NRB, more than 120 member organization from 21 different countries took participations in workshop.

Established in 1977, APRACA is regional organization that motivates rural economics and agriculture for its member countries. NRB is a founding member of the Association where other five Nepali organizations working on rural finance are also members of it.      

 

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