Gangjong Finance’s future remains uncertain as Finance Minister outlines closure review

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Tenzin Nyidon

DHARAMSHALA, Sept. 22: The future of Gangjong Development Finance Private Limited, a banking system introduced by the Dr. Lobsang Sangya presidency, remained under discussion on the sixth day of the 18th Tibetan Parliament in Exile on Tuesday, with parliamentarians questioning whether the enterprise’s proposed closure adequately considers its long-term financial potential and possible benefits to the Tibetan community.

Parliamentarian Kunchok Yarphel said Gangjong Finance had originally been established with a specific purpose and argued that any decision concerning its future should be based on a clear assessment of its financial performance rather than differences bet...

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