Nepal

GMW national coordinator: Nepal Rastra Bank Participating organisations: Commercial Banks, Development Banks, Finance Companies, Microfinance Financial Institutions, Securities Board of Nepal, Nepal Insurance Board, Department of Cooperatives, National Banking Institute Limited, Payment Service Operators (PSOs), Payment Service Providers (PSPs) Total number of participating organisations: 170 Number of children and young people reached directly: 5,000 Number of adults reached directly: 5,000 Number of people reached indirectly: 90,000

The Nepal Rastra Bank, as the Central Bank of Nepal, played a role of national coordinator in celebrating Global Money Week 2022. The bank is the regulator and supervisor of banks and financial institutions in Nepal. In the bank, a standing committee has been formed in the coordination of the executive director of the office of the Governor to celebrate the Global Money Week campaign. Three directors from separate departments and a deputy director play the roles of members and member secretary in the committee respectively. This time, the committee invited other three regulators such as Securities Board of Nepal (SEBON), Insurance Board (IB) and Department of Cooperatives (DOC) to join efforts to mark GMW2022. Moreover, National Banking Institute Limited (NBIL) also supported the programme.

All these stakeholders and regulators launched their own financial awareness programmes for different sectors, areas and target groups. One joint programme was launched in Kathmandu in which more than 100 participants included students, insurance service users, members of the cooperatives and people from stock exchange. In this initiative, four separate papers were presented by the experts. SEBON organised a financial awareness rally in the capital city in the second day of the week. SEBON also planned talk shows and awareness programmes in different places in the country. NBI launched virtual and physical literacy programmes to students.

Meanwhile, the NRB organised a joint literacy programme in Kathmandu with collaboration of SEBON, IB, DOC and NBI. Similarly, the NRB led a separate financial awareness programme in remote districts of the country. They also encouraged other banks, financial institutions, PSOs, PSPs and to plan provincial offices to launch financial literacy programmes everywhere. The bank provided television and radio interviews in regarding digital financial literacy. Other banks, financial institutions, PSPs, and PSOs organised financial awareness programmes to their customers.