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Global Economy on Precarious Footing Amid High Interest Rates

WASHINGTON: Global growth has slowed sharply and the risk of financial stress in emerging market and developing economies (EMDEs) is intensifying amid elevated global interest rates, according to the World Bank’s latest Global Economic Prospects report. Global growth is projected to decelerate from 3.1% in 2022 to 2.1% in...

Global Economy on Precarious Footing Amid High Interest Rates
Additional benefits are announced by NRB for banks that conduct joint operations by mid-July

Additional benefits are announced by NRB for banks that conduct joint operations by mid-July

Standard Chartered Bank conducts blockchain knowledge for NRB officials

Standard Chartered Bank conducts blockchain knowledge for NRB officials

Govt, WB sign $120 mln concessional loan financing agreement and $19.7 mln grant agreement

Govt, WB sign $120 mln concessional loan financing agreement and $19.7 mln grant agreement

NMB bank’s Mahottari branch robbed

NMB bank’s Mahottari branch robbed

Nepal introduces ‘luxury tax’ for the first time

Nepal introduces ‘luxury tax’ for the first time

Govt hopes to reach its target of a higher economic growth

Govt hopes to reach its target of a higher economic growth

Highlights of budget for fiscal year 2023-24

Highlights of budget for fiscal year 2023-24

Budget of Rs 1.75 trillion announced for fiscal year 2023-24

Budget of Rs 1.75 trillion announced for fiscal year 2023-24

Government to present fiscal year 2023-24 budget today

Government to present fiscal year 2023-24 budget today

NRB to updates its operational procedures in particular sector that were experiencing financial difficulties

NRB to updates its operational procedures in particular sector that were experiencing financial difficulties

Nepal only receives FDI commitments totaling Rs 29.74 bn in ongoing fiscal year

Nepal only receives FDI commitments totaling Rs 29.74 bn in ongoing fiscal year

Cash transactions with BFIs increase significantly after easing liquidity

Cash transactions with BFIs increase significantly after easing liquidity

Over 5,000 cases of banking fraud, financial crimes registered in Kathmandu Valley in the first 10 months of current FY

Over 5,000 cases of banking fraud, financial crimes registered in Kathmandu Valley in the first 10 months of current FY

Everest Bank Fraud Case: Operation In-Charge admits to being a part of the fraud

Everest Bank Fraud Case: Operation In-Charge admits to being a part of the fraud

NRB transfers 69.77% of its Nepse holdings to RBB

NRB transfers 69.77% of its Nepse holdings to RBB

RBI to withdraw Rs 2,000 notes from circulation; notes can be exchanged, deposited till September 30

RBI to withdraw Rs 2,000 notes from circulation; notes can be exchanged, deposited till September 30

‘Nepal’s private sector booms with over 30-fold growth in 30 years, contributing over 80pc to GDP and employment’

‘Nepal’s private sector booms with over 30-fold growth in 30 years, contributing over 80pc to GDP and employment’

ADB approves $300 million loan to improve road connectivity, trade in Nepal

ADB approves $300 million loan to improve road connectivity, trade in Nepal

NRB publishes a circular regarding loan rescheduling and restructuring

NRB publishes a circular regarding loan rescheduling and restructuring

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China gives green light to the world’s largest $137 bn dam on the Brahmaputra River

China gives green light to the world’s largest $137 bn dam on the Brahmaputra River

Rising concerns over Boeing aircraft crashes: Are safety standards falling short?

Rising concerns over Boeing aircraft crashes: Are safety standards falling short?

Nepal to begin historic electricity export to Bangladesh, strengthening regional cooperation

Nepal to begin historic electricity export to Bangladesh, strengthening regional cooperation

Why has Russia fined Google an amount larger than the entire World’s GDP?

Why has Russia fined Google an amount larger than the entire World’s GDP?

Trump’s victory adds record $64bn to wealth of richest top 10

Trump’s victory adds record $64bn to wealth of richest top 10

Why Americans re-elected Donald Trump: A look at the key factors behind his comeback

Why Americans re-elected Donald Trump: A look at the key factors behind his comeback

NRB sets record exchange rate of Rs 135.16 per USD amid global dollar demand

NRB sets record exchange rate of Rs 135.16 per USD amid global dollar demand

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