Corporate Finance
IFC plans to expand investment in Nepal
As confirmed by South Asia Regional Director Imad Fakhouri during a meeting with Deputy Prime Minister and Finance Minister Bishnu Prasad Paudel, IFC plans to expand investment in Nepal.
Korea will provide 1 billion to the Bardia municipal government.
A subsidy of 8 million dollars (about 1.7 billion rupees) will be provided by the Korean government to carry out the inclusive rural development project.
There is little likelihood that interest rates will rise in October.
Bankers argue that the expansion of credit in banks is unfavorable and due to sufficient capital for credit investment, there is minimal chance of a rise in deposit interest rates.
Construction of the Chilime-Trishuli 220 kV transmission line is almost finished.
The Chilime-Trishuli 220 kV transmission line, crucial for hydroelectricity projects along the Trishuli River corridor, has reached its final phase of completion.
Within ten days, 25,000 metric tons of DAP fertilizer will reach Nepal.
The Ministry of Agriculture and Livestock Development reports that 25 thousand metric tons of DAP chemical fertilizer have arrived in Kolkata from China and is expected to arrive in Nepal.
When is the high-level commission on recommendations for economic change going to be established?
The government is discussing the formation of a high-level commission to recommend suggestions for a new phase of economic reform after three months of announcement.
Over four billion in multi-year project liability is being processed only after consulting with Artha.
The Ministry of Finance is addressing non-completion and delayed payment issues in multi-year projects annually.
"The country's economy was not discussed following the political system change."
Economists argue that post-political system change, there's no debate on improving Nepal's economy, as evidenced by participants in Hari Roka's book 'Alternative Economy' release program.
Declaration of intent to get into a multi-year contract solely after consultation
The Ministry of Finance has instructed relevant ministries and agencies to proceed with the multi-year contract agreement process only after consultation.
Only after first consulting with others is correspondence intended to progress the multi-year contract agreement procedure.
The Ministry of Finance has requested that the multi-year contract agreement procedure proceed only after consultation with relevant ministries and agencies.
Nepal will get aid from Germany worth 51 million euros.
Nepal and Germany have concluded bilateral talks in Berlin, agreeing to mobilize 51 million Euros in financial and technical assistance for the next two years.
The 360 million to roughly 5 billion dollars in capital that insurance firms have yet to add.
The Nepal Insurance Authority has set a paid-up capital of 5 billion rupees for life and 2.5 billion rupees for non-life insurance companies, with 14 yet to deliver.
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