A member of National Planning Commission, Bhatta was appointed to the IBN by the meeting of the Council of Ministers today. The post remained vacant after then CEO Maha Prasad Adhikari was appointed the Governor of Nepal Rastra Bank, according to a member of the cabinet. Bhatta was appointed as the CEO of Board for a term of four years.
A committee formed under the leadership of Finance Minister Dr Yubraj Khaitwada had presented the names of Bhatta, Ram Krishna Khatiwada and Dr Saroj Koirala for the post of CEO of IB Nepal.
The IB Nepal is coordinating mega projects with foreign investment in the country.