Nepal’s BFIs have only 1.16 percent nonperforming loans, the lowest in South Asia: World Bank
KATHMANDU, OCT 31: Nepal has the lowest rate of nonperforming loans (NPLs) in its banking system among the South Asian countries, shows a World Bank (WB) report.
Deputy Prime Minister and Minister for Finance, Bishnu Poudel who arrived here in course of attending the annual meetings of the World Bank Group (WBG) and International Monetary Fund (IMF) on Wednesday held a meeting with WBG's Vice President for South Asia Region, Martin Raiser.
Deputy Prime Minister and Minister for Finance, Bishnu Poudel who arrived here in course of attending the annual meetings of the World Bank Group (WBG) and International Monetary Fund (IMF) on Wednesday held a meeting with WBG's Vice President for South Asia Region, Martin Raiser.
KATHMANDU: The World Bank has announced plans to increase its budgetary aid to Nepal. In a virtual meeting today with Deputy Prime Minister and Finance Minister Bishnu Prasad Paudel, Martin Raiser, Vice President for the South Asia Region of the World Bank, confirmed the increase in financial assistance. During the meeting, Vice President Raiser also […]
The World Bank Vice President for South Asia Martin Raiser on Thursday called on Finance Minister Dr Prakash Sharan Mahat for holding discussions on Nepal's challenges to fiscal management as well as the new budget's strategy and resource management.
Kathmandu, Sept 21. NEA and CBFIN in collaboration with the World Bank organized an interaction meeting on “Commodity Prices and Economic Development” today. The interaction focused on increased inflation fiscal deficits, the rise in global commodities, and its impact in South Asia including Nepal. Moreover, as Nepal’s economy is integrated heavily with the Indian economy, […]
The post NEA and CBFIN in collaboration with the World Bank appeared first on Aarthiknews:: A leading business & economic news portal from Nepal.
The agreements were signed by Finance Secretary Rajan Khanal and World Bank Country Director for Bangladesh, Nepal and Bhutan Qimiao Fan in the presence of Finance Minister and the World Bank Vice-President for South Asia Schafer. Senior government officials were present during the occasion.
South Asia’s heavy reliance on stateowned commercial banks, stateowned enterprises, public-private partnerships and other national and sub-national public entities conceals its vulnerability to accumulating unsustainable levels of debt, according to a new World Bank report titled ‘Hidden Debt: Solutions to Avert the Next Financial Crisis in South Asia’, released today.
KATHMANDU, Oct 8: After leading global growth for two years, the countries of South Asia have fallen to the second place after East Asia and the Pacific region, according to the World Bank.
The region’s slowdown is due to both temporary shocks and longer-term challenges, the World Bank said.
