Oli–Deuba Hold Talks in Baluwatar Amid Governor Appointment Deadlock

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Kathmandu – Prime Minister KP Sharma Oli and Nepali Congress President Sher Bahadur Deuba are currently holding a meeting at the Prime Minister’s official residence in Baluwatar, with discussions reportedly centered around the long-pending appointment of the new Governor of Nepal Rastra Bank.

Although no formal agenda was published ahead of the meeting, insider sources suggest that the stalled process of selecting a new central bank governor is at the heart of the talks. Congress President Deuba had previously recommended the name of economist Prof. Dr. Bishwanath Paudel for the role.

However, PM Oli has reportedly been reluctant to accept Dr. Paudel’s nomination, resulting in a deadlock in the selection process. As per procedure, a recommendation committee headed by Finance Minister Bishnu Paudel must propose three candidates, from which the Cabinet makes the final selection. To date, that committee has not convened.

The position of Governor at Nepal Rastra Bank has remained vacant since Chaitra 24 (early April), and the prolonged vacancy has raised concerns among financial experts about the impact on monetary policy direction and institutional stability.

With mounting pressure for leadership at the central bank, all eyes are now on the outcome of the Oli–Deuba dialogue — which may determine whether a consensus can finally be reached on this key appointment.