Nepal
Welcomes Chinese Banks
Is
there a shift in the Geo-Political influence of Nepal as Chinese banks enter
the market place?
The
Central Bank of Nepal said it is eager to open its doors to Chinese banks.
Yubaraj Khatiwada, governor of Nepal Rastra Bank, the country's central bank,
said it is willing to loosen its restrictions regarding providing new licenses
to strategically important foreign banks that may invest in the country. He
added that officials from the Export-Import Bank of China have “unofficially
approached Nepal's central bank” with regard to launching their new venture.
Is
this a new shift in regional influences or a temporary swing , only time will
tell.
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