Interest on Nepal’s foreign loans to double as economy...

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Interest on Nepal’s foreign loans to double as economy upgrades

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KATHMANDU: Nepal’s improving economic indicators, particularly the rise in per capita income, have led to an increase in the interest rates on foreign loans obtained from bilateral and multilateral development partners. The change will naturally raise the cost of foreign-funded projects, government officials confirmed. According to the Ministry of Finance, agencies such as the World […]

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