OECD-SEBON Conference and roundtable on financial consumer protection and education in Asia-Pacific Understanding and responding to the impact of demographic changes for financial consumers DRAFT AGENDA 2-3 July 2019 Kathmandu, Nepal 1 Venue Hotel Yak &Yeti 1016 Durbar Marg, Kathmandu, Nepal Join the conversation on Twitter: follow us at @oecd_bizfin Contact Adele Atkinson Head, Financial Education, OECD Adele.Atkinson@oecd.org Miles Larbey Head, Financial Consumer Protection, OECD Miles.Larbey@oecd.org For logistical enquiries please contact: Paloma Cupello, OECD Paloma.Cupello@oecd.org 2 . Draft Agenda Day 1: 2 July 2019 9h15- 10h010 OPENING REMARKS 9:15- 9:25 Welcome Remarks Chairman Dr. Rewat Bahadur Karki, SEBON, Nepal 9:25- 9:30 Inauguration by Chief Guest: Hon. Finance Minister Dr. Yuba Raj Khatiwada, Ministry of Finance, Nepal 9:30- 9:40 Antonio Gomez, Deputy Director, OECD Directorate for Financial and Enterprise Affairs (video address) 9:40- 9:50 Governor Dr. Chiranjibi Nepal, Nepal Rastra Bank, NRB (Central Bank of Nepal), TBC, Nepal 10:05-10:10 Vote of Thanks 10:10-10:30 Tea and coffee break 10:30-11:30 Session 1: FINANCIAL EDUCATION, INCLUSION AND FINANCIAL CONSUMER PROTECTION IN NEPAL AND ACROSS THE REGION Objectives This panel will explore the challenges and opportunities for policy makers and other stakeholders seeking to promote financial education, financial consumer protection and financial inclusion in Nepal and other countries in the region. Chair Dr. Rewat Bahadur Karki, Chairman, Securities Board of Nepal (SEBON), Nepal Panellists Prof. Dr. Achyut Wagle, Chair, Institute of Financial Education and Communication of Nepal (Affiliate member of INFE), Nepal Mr. Mukhtor Khamudkhanov, Country Director of ADB, Nepal Prof. Dr. Ashok Raj Pandey, South Asian Institute of Management, Nepal Country Representative, Sri Lanka (TBC) 3 11h30-11h50 Keynote on Japan’s G20 Presidency Fukuoka Priorities Mr Bumpei Sugano, G20 Office/ International Affairs Office, Japan Financial Services Agency and Co-Chair of the G20 Global Partnership for Financial Inclusion, Japan In 2019, the Japanese Presidency of the G20 selected Aging Populations as its policy priority for financial inclusion. Working through the Global Partnership for Financial Inclusion, and supported by the OECD, the Japanese Presidency has developed the G20 Fukuoka Policy Priorities to support the financial inclusion of ageing populations. Mr Sugano will present this process and explain the identified priorities. 11h50-12h10 Keynote on technology as a tool to promote the financial inclusion of older people Dr Joanne Yoong, Senior Economist; Director, Research and Science, Centre for Economic and Social Research CESR/CESR East, University of South California, The United States Dr. Yoong will outline the findings of research undertaken on behalf of the OECD to understand how older people are using digital financial services, and examine the potential technology holds for promoting financial inclusion of older people. 12h10-12h25 Session 2: SUPPORTING FINANCIAL INCLUSION FOR OLDER PEOPLE Objectives The two keynote speakers, together with a SEBON Board Member, will engage in a panel discussion on the policy tools to support and promote the financial inclusion of ageing populations. This discussion will cover countries with ageing populations, and those with populations that are currently young, but facing the Chair benefits and challenges of increased longevity. Miles Larbey, Head of Financial Consumer Protection, OECD Krishna Prasad Acharya, CA, Board Member, SEBON and Former CEO of Speakers Employee Provident Fund, Nepal Mr. Bumpei Sugano, G20 Office/ International Affairs Office, Japan Financial Services Agency and Co-Chair of the G20 Global Partnership for Financial Inclusion, Japan Dr. Joanne Yoong, Senior Economist; Director, Research and Science, Centre for Economic and Social Research CESR/CESR East, University of South California, The United States 12h45-14h15 Lunch 4 14h15-15h15 Session 3: REDUCING FINANCIAL VULNERABILITIES FROM CHILDHOOD Financial inclusion, financial consumer protection and financial education work together to reduce financial vulnerabilities. This can be achieved most effectively by ensuring that children and young people develop positive financial attitudes and behaviours and have a thorough understanding of basic financial matters from a young age. This session will look at practical examples of providing financial education to children and young people, and discuss what more can be done to ensure that today’s youth are financially resilient in adulthood. Dr. Adele Atkinson, Head, Financial Education, OECD Dr. Gunakar Bhatta, Executive Director of Nepal Rasta Bank, Nepal Moderator Hariharan, SEBI, India (TBC) Panellists Dr Lillian Koh Noi Keng, CEO, Fintech Academy, Singapore 16h00 Depart to Chandragiri Hill and sightseeing 19h00 Dinner program at Chandragiri Hill Day 2 : 3 July 2019 09h00-09h30 Keynote Mrs. S Marandi, Executive Director, Reserve Bank of India, India The second day will begin with a keynote address delivered by a high-level representative of the Reserve Bank of India, who will provide the Indian perspective on the issues debated in the Conference. 9h30-10h45 Session 4: UNDERSTANDING THE DIFFERENT NEEDS OF RURAL, REMOTE AND URBAN POPULATIONS Objectives How do the needs of financial consumers living in urban environments differ from those in rural and remote locations? Governments see to ensure that everyone is financial included, regardless of where they live. How is this achieved in practice? What are the most effective ways of reaching people, and who should take responsibility? Moderator Lal Shanker Ghimire, Secretary (Revenue), Ministry of Finance, Nepal Governmen, Nepal Panellists Mr. Suman Raj Aryal, Director General, Central Bureau of Statistics, Nepal Ms. Leigh Coughlan, Senior Manager, Australian Securities and Investments Commission (TBC), Australia Country Representative (TBC), Philippines 5 10h45-11h15 Coffee break 11h15-12h30 Session 5: Micro and Small Enterprises Objectives Micro and small enterprises (MSEs) often face challenges accessing traditional sources of finance, and many lack the financial skills they need to succeed. This session will look at approaches to improve access to finance and to develop financial skills. Issues covered will include potential for alternative sources of finance and FinTech developments, together with effective financial literacy programs for micro-entrepreneurs. Moderator Dipendra Bahadur Chhetri, Former Governor of NRB and Ex- Vice Chairman of National Planning Commission, Nepal Panellists Mr. Keshav Acharya, Former Senior Economic Advisor, Ministry of Finance, Nepal Government, Nepal Mr. Janardan Dev Panta, Micro and Small Enterprise expert and CEO of Nirdhan Utthan Bittiya Santha (Pioneer Micro Financial Institution), Nepal Mr. Sanjib Subba, Chief Executive Officer, National Banking Institute Ltd, Nepal 12h30-13h00 CLOSING REMARKS 12h30-12h45 Adele Atkinson and Miles Larbey, OECD 12h45-13h00 Vote of Thanks: Executive Director, SEBON 13h00 End of the programme 13h00 – 14h00 Lunch 14h30 - 17h30 The OECD SEBON Conference will be followed by the 9th Roundtable on Financial Literacy and Financial Inclusion in Asia and the Pacific, open to public authorities from the region. The Roundtable is open only to public officials from financial authorities (central banks, ministries of finance, financial regulators and supervisors) in Asia and Pacific region and OECD/INFE representatives. 6 .
#651 12 - 18 April 2013 20 pages Rs 50 NOW WITH KUNDA DIXIT The Seventies he percentage of index report for Nepal. corruption, political disarray, desperately poor people On Sunday, the Nepali and instability. Imagine how Tin Nepal has declined calendar starts a new decade much farther ahead we would from 65 per cent five years ago of the Seventies. In 10 years be by 2080 if only we had You can’t eat to nearly 40 per cent today. time, this Grade 4 student in a peace dividend, a more At this rate, the poverty rate Dadeldhura (pictured) will be 22 inclusive constitution, elections, elections in the country will fall by half and of voting age. and better accountability. by DAMBAR K SHRESTHA in 10 years. Poverty could be Nepal has made the page 15 eradicated in 20 years says the most dramatic progress in First the good news Oxford Poverty and Human development among the world’s Development Initiative in its low income countries. This by KUNDA DIXIT Too good to be ture new multidimensional poverty has happened despite war, page 16-17 Editorial, page 2 2 EDITORIAL 12 - 18 APRIL 2013 #651 TOO GOOD TO BE TRUE ating and defecation. Activities They need ideas and affordable solutions. so vital to our everyday lives, The taking of lives Last week we carried a story from Dadeldhura in far- Ebut which we take for granted. makes news, not western Nepal where mothers have seen the benefit of We don’t think about them much, so improved smokeless stoves that have become so popular, we turn over the pages with coverage Far-western metal workshops can’t manufacture the chulos fast region saving them of charpis or chulos.
“Cooperative to Achieve Sustainable Development Goals” Cooperative Congress bbff]>>ff] ;;xsf/Lxsf/L ddxf;Ddxf;Dd]n]ngg 4-5 April, 2018 -@)&$ r}q @!–@@_, Kathmandu CONTENT Acknowledgement 1 Part I : Introductory Statement 2 Part II : Opening Ceremony 7 Part III : Working Sessions 11 Part III 1 : Working Paper on: "Vision 2022: Cooperative Movement of 12 Nepal" – Mr. Gopi Nath Mainali Part III 2 : Working Paper on: "Role of Local, Provincial and Federal 22 Government for the Promotion of Cooperatives Sector" – Dr. Khimlal Devkota Part III 3 : Working Paper on: "Participation of Cooperatives for the 31 Implementation of SDGs" – Prof. Dr. Puspa Raj Kandel Part III 4 : Working Paper on: "Financial Cooperative: Challenges and 49 Prospects in Nepal" – Dr. Bimal Koirala Part III 5 : Working Paper on: "Building Partnership among Public, Private 55 and Cooperatives with reference to the three pillars Economy" – Mr. Ram Sharan Kharel Part III 6 : Working Paper on: "Youth and Gender Involvement in 60 Cooperatives" – Ms. Om Devi Malla Part III 7 : Working Paper on: "C to C Business Model: Challenges and 67 Potentialities" – Mr. Balu Iyer Part III 8 : Working Paper on: "Good Governance: Key Aspects of 76 Cooperative Sustainability" – Mr. Sudarshan Prasad Dhakal Part III 9 : Panel Discussion on: "Strategic Engagement of Development 84 Partners of Achieving SDGs" Part III 10 : Working Paper on: "Successful Case Study in Cooperatives (Role of 87 Cooperatives in Poverty Alleviation)" – Khem Bahadur Pathak Part III 11 : Working Paper on: "Technology Advancement for Cooperative 92 Sector – Mr. Asheem Sharma" Part III 12 : Working Paper on: "Science of Stress-Free Performance" 94 – Mr.
World Bank Group Assistance to Low-Income Fragile and Conflict-Affected States
World Bank Group Assistance to Low-Income Fragile and Conflict-Affected States An Independent Evaluation Appendixes Contents Abbreviations Appendixes APPENDIX A. EVALUATION METHODOLOGY .................................................................................... 1 APPENDIX B. CAMEROON ................................................................................................................... 5 APPENDIX C. DEMOCRATIC REPUBLIC OF CONGO ....................................................................... 17 APPENDIX D. NEPAL ........................................................................................................................... 29 APPENDIX E. SIERRA LEONE ............................................................................................................ 41 APPENDIX F. SOLOMON ISLANDS .................................................................................................... 53 APPENDIX G. REPUBLIC OF YEMEN ................................................................................................. 65 APPENDIX H. PERCEPTION SURVEY OF WORLD BANK GROUP STAFF AND STAKEHOLDERS77 APPENDIX I. FRAGILE AND CONFLICT-AFFECTED STATES STATUS AND THE MILLENNIUM DEVELOPMENT GOALS ...................................................................................................................... 87 APPENDIX J. ASSESSING THE RELATIONSHIP BETWEEN DEVELOPMENT POLICY LOANS AND COUNTRY POLICY AND INSTITUTIONAL ASSESSMENT RATINGS ............................................... 97 APPENDIX K. WORLD BANK
Inequality—Measurement, Trends, Impacts, and Policies
DRAFT This paper is a draft submission to Inequality—Measurement, trends, impacts, and policies 5–6 September 2014 Helsinki, Finland This is a draft version of a conference paper submitted for presentation at UNU-WIDER’s conference, held in Helsinki on 5–6 September 2014. This is not a formal publication of UNU-WIDER and may refl ect work-in-progress. THIS DRAFT IS NOT TO BE CITED, QUOTED OR ATTRIBUTED WITHOUT PERMISSION FROM AUTHOR(S). Inclusive Growth Experiences – the case of Nepal Discussion on the Paradox from a conventional and a holistic perspective Nephil Matangi Maskay, PhD* and Shiva Raj Adhikari, PhD** JEL classification: O15, Key words: Inclusive Growth, Nepal Abstract (words: 99) The experience of Nepal seems paradoxical, experiencing a costly domestic insurgency situation simultaneously with a sharply decreasing trend in poverty headcount rate: from 41.8% in 1996, to 25.16%in 2011.. This result is attributed to outflow of domestic labor, and sharp growth of remittances. However remittance-receiving households use this largely on consumption activity; that is “short” term IG. However, analyzing from a broader system perspective suggests that there are both intended (positive/negative externalities) and unforeseen consequences. This changes the analysis and suggests the need for a thorough understanding of the interaction for providing an accurate diagnosis of the IG process. * Director, Nepal Rastra Bank, Office of the Governor ** Associate Professor, Tribhuvan University, Patan Multiple Campus. Nepal E-mail: sssadhikari@yahoo.com Remarks: The view expressed are of a personal nature and do not represent the views of the Nepal Rastra Bank, the SEACEN Centre, Tribhuvan University or any other authors’ affiliated institutions.
Bhutan and Nepal Human Capital Forum Investing in People
Bhutan and Nepal Human Capital Forum Investing in People Public Disclosure Authorized 5-6 June, 2019 Kathmandu Venue: Hotel Radisson Welcome Remarks: Mr. Faris H. Hadad-Zervos, World Bank Group Country Manager, Nepal Public Disclosure Authorized Honorable Minister of Finance of Nepal Dr. Yuba Raj Khatiwada, His Excellency Secretary of Finance of Bhutan Dasho Nim Dorji. Their excellencies Ministers, secretaries, joint secretaries and ambassadors, colleagues, partners, friends. Good morning and welcome to the Bhutan-Nepal Human Capital Forum. This forum brings together in Kathmandu today policy makers from Nepal and Bhutan, as well as academics, international experts, civil society and development partners to chart out opportunities, constraints and hopefully a roadmap not only for a sustainable model for development, but one Public Disclosure Authorized that puts people back in the center of it. After all, our world today is very different. First the pace of technological is so vastly accelerated that we no longer talk of rates of change, but the neck breaking acceleration in those rates of change themselves. Indeed, evidence shows youth 7 years from now will need to manipulate technology that we cannot conceive of today. Similarly, the world today is also one that is a global race for investment, where funds can largely how to countries that offers safe ecosystems of policies, infrastructure and a talented workforce for these investors that thrive. Thirdly people’s own aspirations are converging towards a justifiable high norm. The advent of social and other media have shown youth in most distant corners of the world what their fellow woman and man more fortunate than they can hope to achieve because of greater Public Disclosure Authorized opportunities facing them.
Nepal: Readings in Human Development Four Essential Pillars of Human Development Nepal: ReadingsinHumanDevelopment Equity Equity is a powerful concept that lies at the heart of the human development paradigm. Equity should be understood as equity in life opportunities, not necessarily in results. If development is to enlarge choices, the people must enjoy equitable access to social, economic and political opportunities. Ensuring equity in access to opportunities demands a fundamental restructuring of power. Sustainability Central to the concept of sustainability is the notion of distributional equity – of sharing development opportunities between present and future generations and ensuring intragenerational and intergenerational equity in access to opportunities. It is the sustainability of all forms of capital – physical, human, financial and environmental– that must lie at the centre of human development concerns. What must be sustained are worthwhile life opportunities, not human deprivation. Productivity Productivity is another essential component of the human development paradigm. In contrast to human capital based development models which treat people only as a means of development, productivity is just one part of the human development paradigm - with equal importance given to the other components of human development. Economic growth is therefore a subset of the human development model - an essential part but not the entire structure. Empowerment Human development paradigm envisages full empowerment of the people on all fronts - social, economic and political- meaning that people are in a position to exercise their choice of their own free will. In contrast to the basic needs model, which is generally limited to economic choice, the human development paradigm embrace all critical choices – social, cultural, economic and political.
Government of Nepal, Ministry of Finance IECCD Newsletter International Economic Cooperation Coordination Division (IECCD)
Government of Nepal, Ministry of Finance IECCD Newsletter International Economic Cooperation Coordination Division (IECCD) AUG - NOV 2019 2076 BHADRA - MANGSIR VOLUME 7, ISSUE 3 AMIS offi cially launched Amid a Meeting with Local Development Partners Newly developed Aid Management Information system (AMIS) software has been launched offi cially by Hon. Finance Minister Dr. Yuba Raj Khatiwada amid a meeting with local development partners at the ministry on 5 September 2019. Head and representatives of local development partners including HE Ambassadors of various countries were present on the occasion. Addressing the program, Hon. Finance Minister the dignitaries and participants and highlighted features Dr. Khatiwada highlighted on current economic situation of of newly launched software. Dr. Narayan Dhakal, Under Nepal; the reforms undertaken during last two years and Secretary conducted this event and also presented brief termed the AMIS as one of the reforms in area of aid rationale for switching from AMP to AMIS. data transparency as well as effective aid management. Minister Dr. Khatiwada also opined about the gradual AMIS is a web-based online data repository of the implementation of fi scal federalism through legal provision Government of Nepal that allows users to enter aid data by promulgating new laws and amendment in the existing and generate customized report. It has become live from laws. Joint Secretary Mr. Shreekrishna Nepal welcomed today replacing previous Aid Management Contd P8 Message from the Chief Editor 2 Joint World Bank – IMF Nepal Japan Policy Dilogue Conducted 3 annual Meeting Joint Financing Agreement between GoN & DPs 3 USAID Assistant Administrator of the Bureau of 5 Asia Pays courtesy call to the Minister World Bank supports employment and education 5 programs Loan Agreement Signed with Saudi Fund for 6 Hon’ble Finance Minister Dr.
Statement by the Hon. YUBA RAJ KHATIWADA, Governor of the Bank for NEPAL
Governor's Statement No. 10 October 12, 2018 Statement by the Hon. YUBA RAJ KHATIWADA, Governor of the Bank for NEPAL Statement by the Hon. Yuba Raj Khatiwada, Governor of the Bank for Nepal Mr. Chairman, Mr. Jim Yong Kim, President, World Bank Group Ms. Christine Lagarde, Managing Director, IMF Fellow Governors and Alternative Governors, Distinguished Delegates, Ladies and Gentlemen! It is a great honor and privilege for me and my Nepali delegation to participate in this 2018 Annual Meeting of the Board of Governors of the World Bank Group and International Monetary Fund in this beautiful and cultural city of Bali. I take this opportunity to appreciate the World Bank and IMF management team for the excellent arrangements made for this meeting. I express my sincere thanks for the logistic arrangements made and hospitality extended to us by the government and people of host country Indonesia. At the outset, let me note that the world economy has become more resilient and stable, overcoming the trend of recurring financial crises which occurred in every 10 years since 1987. After a decade of latest Great Financial Crisis, global economic outlook seems inclining towards normalcy at pre-crisis level. Both the developed as well as emerging market economies are getting stronger despite some external vulnerabilities in the emerging economies. I firmly believe that this global forum’s policy initiatives and robust actions would lead towards the successful normalization of global economy and sustaining the growth path as we move along. We have observed that more than one billion people have been lifted out of extreme poverty during the last two decades and a half, due mainly to the fast-growing economies of East and South Asia contributing to this outcome.
Report on Nepal’s Foreign Affairs (2019-2020) Government of Nepal Ministry of Foreign Affairs Go to content page Go to content page Report on Nepal’s Foreign Affairs (2019-2020) Government of Nepal Ministry of Foreign Affairs Previous page Next page Go to content page Go to content page Editorial Team Nirmal Raj Kafle, Joint Secretary Kumar Raj Kharel, Joint Secretary Ram Prasad Subedi, Joint Secretary Ananda Prasad Sharma, Under Secretary Bishnu Prasad Gautam, Under Secretary Lok Bahadur Poudel Chhetri, Under Secretary Kiran Shakya, Under Secretary Published by Ministry of Foreign Affairs Government of Nepal Singh Durbar, Kathmandu August 2020 Design & Layout Bikram Shrestha, Information Technology Officer (The map placed on the cover page may not be in scale.) Copyright: Ministry of Foreign Affairs Photo courtesy: Government of Nepal, except otherwise mentioned This publication is also available at the Ministry’s website: www.mofa.gov.np. Previous page Next page Report on Nepal’s Foreign Affairs (2019-2020) |3 Go to content page Go to content page Pradeep Kumar Gyawali Minister for Foreign Affairs Message Nepal’s foreign policy is characterised by both continuity and change. As guided by the Constitution, the time-honoured principles of Pachasheel, non-alignment, the UN Charter, international law and norms of world peace make the fundamental basis of Nepal’s foreign policy. In pursuit of national interest, policies have to adapt to the changing political or economic contexts as well as the unforeseen exigencies relating to public health, ecology or technology. The second half of the period under review in this Annual Report saw a similar shift, with the outbreak of COVID-19 impacting on the country’s priorities and resources.