2009 | Nepal
Nepal country assessment for Youth Development Accounts
Nepal’s financial sector, which is composed of banking and non-banking sectors, has grown rapidly over the past two decades. The total number of financial institutions increased from only two in 1980 to 235 in 2008 (Nepal Rastra Bank, 2009). Currently, there are 25 commercial banks, 59 development banks, 78 finance companies, 12 microfinance development banks (MFDBs), 16 financial cooperatives with limited banking licenses, and 45 financial intermediary non-governmental organizations (FI-NGOs) in the country.
Masa, R. (2009, August). Nepal country assessment for Youth Development Accounts (CSD Country Brief 09-44). St. Louis, MO: Washington University, Center for Social Development.