The Confederation of Nepalese Industries (CNI) has welcomed the decision of Nepal Bankers’ Association to reduce the interest rate. Issuing a press statement on Thursday, the NBA said that move to reduce the loan’s interest rate is positive at a time when there is a crisis of capital for investment in economy, non-performing loan is […]
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A survey released by the United Nations Economic and Social Commission for Western Asia (ESCWA) on Friday said that poverty affects one-third of the Arab region’s population, excluding the Gulf Cooperation Council (GCC) countries and Libya. Dubbed “Survey of Economic and Social Developments in the Arab Region,” it said that “poverty, measured against national poverty […]
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Croatia was counting the last hours Saturday before switching to the euro and entering Europe’s passport-free zone — two milestone steps for the country since joining the EU nearly a decade ago. At midnight (2300 GMT Saturday) the Balkan nation will bid farewell to its kuna currency and become the 20th member of the eurozone. […]
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The Manila-based Asian Development Bank (ADB) has approved a 50-million U.S. dollars loan to support the Cambodian government to diversify the country’s economy and boost its global competitiveness, the lender said in a press statement on Tuesday. The program will support Cambodia’s post-COVID-19 economic recovery by supporting government reforms to enhance the investment and business […]
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Home Minister Balkrishna Khand, Finance Minister Janardan Sharma and Minister for Industry, Commerce and Supplies Dilendra Prasad Badu have called for government’s intervention saying that the current monetary policy and the interest rates set by banks would invite serious problems to the country’s economy. In the cabinet meeting held on Tuesday, Home Minister Khand said […]
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