The government has unveiled a five-year financial sector development strategy aimed at accelerating digitalization and strengthening financial infrastructure. Key initiatives include the introduction of neo-banks, open banking, artificial intelligence applications, and preparations for a central bank digital currency. The plan also targets capital market reforms through new instruments such as exchange-traded funds, derivatives, peer-to-peer lending, and crowdfunding platforms. Insurance coverage is projected to reach 60 percent, supported by micro-insurance and green financing. Cooperative oversight will be tightened, while FinCERT will address cyber risks. By 2086/87 BS, the strategy aims to raise the sector’s contribution to GDP to 7.5 percent, triple digital transactions, and expand agricultural lending to 15 percent.
