• BIMAL KUMAR TIWARI
• DR.M V DEVRAJ

This paper examines the current status of “Monetary policy for sustainable development of Nepal’s Economy”. The achievement of 13 th plan on millennium development goals (MDGs) and internal economic activity and their implication to the economy remain unexpected like high inflation , frequent volatility of interest rate ,liquidity issues , stagnant equity market , increasing unemployment and foreign immigration, incremental trade deficit and growth rate. Even after the settlement of insurgency and conflict the newly established government and elections where people, politician and authority claim for the dedication to development with a common mission of happy Nepali and prosper Nepal. The economy would have paved the way out for the speedy economic growth and social transformation. There are incremental growth in number of banks financial institutions , microfinance and cooperatives financial inclusion in Nepal is not satisfactory and still three fourth of the people have been excluded from the account penetration at formal financial institutions. Informal channel private companies, agency and individuals lending against collateral taking pre ownership transfer of land or property at high interest. Personal finance is grooming. The Government single intervention program is not adequate for the achievement of MDGs or SDGs and economic growth for Nepal. The monitory regulatory authority should develop inclusive financial system in the nation through the wider access of finance services that ensures a sound financial system and the socio-economic transformation to many people. There for the objective of the study is to examine effectiveness of monetary policy for sustainable development of Nepal’s economy will be looked from two perspective financial sector development and growth of macroeconomic indicators since the NRB brought monitory policy of Nepal into the effect .

NRB Monetary Policy, Sustainable Development, Financial inclusion, MDGs& SDGs, micro-finance, socio-economic transformation.

"Nepal’s Monetary Policy for the Sustainable Development ", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.6, Issue 6, page no.744-755, June 2019, Available :http://www.jetir.org/papers/JETIR1907B31.pdf

"Nepal’s Monetary Policy for the Sustainable Development ", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.6, Issue 6, page no. pp744-755, June 2019, Available at : http://www.jetir.org/papers/JETIR1907B31.pdf