English News
Global Economy on Precarious Footing Amid High Interest Rates
Sunakhari News/ Kathmandu. 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 2023. In EMDEs other than China, growth is set to slow to 2.9% this year from 4.1% last year. These forecasts reflect broad-based downgrades. &....
IFC’s Invests USD 55 Million in Nepal’s Financial Sector to Support SME Growth and Green Finance
Sunakhari News/Kathmandu. IFC’s $55 million for Siddhartha Bank Limited (SBL) will support the bank in increasing access to finance for small businesses, while also fostering climate finance in Nepal. IFC has been supporting the growth of Nepal’s financial sector for the past two decades, and this is our largest investment in any financial institution in the country. This investment is also the first ever foreign currency syndicated loan facility in the financial sector in Nepal....
Nepal’s Growth Faces Slowdown Amidst Domestic and External Challenges
Sunakhari News /Kathmandu - Growth in Nepal this year will be slower than previously projected due to the impacts of import restrictions, monetary policy tightening, higher inflation, and shrinking government expenditure reflecting lower government revenue, according to the World Bank’s twice-a-year country update. Released today, the latest Nepal Development Update (April 2023): Fine-Tuning Policy in a Turbulent Environment, projects Nepal’s economy to grow by 4.1 percent in FY23, a ....
Aleksandar mitrović a fulham striker recieved eight game ban for pushing refree
Sunakhari/Kathmandu-Fulham's Aleksandar Mitrovic has been given an eight-match ban by an independent commission after pushing referee Chris Kavanagh in their FA Cup loss at Manchester United. The Serbia striker received a three-match ban for the sending off, three for violent conduct and an additional two for "improper, abusive, insulting and threatening" language. He will also receive a £75,000 fine.fulham manager Marco Silva will serve a two-match ban after he was sent off.In add....
Premier League matches to pause for fasting Muslim players during Ramadan
Sunakhari News/Kathmandu -Tuesday's Premier League matches will briefly be paused for Muslim players who have been fasting during Ramadan. If clubs have requested a stoppage before the game, the referee will signal for a break, allowing Muslim players to eat and drink at pitchside. Everton's game against Tottenham was stopped in the 26th minute to allow players that had been fasting during the day to take on energy supplements. Three Muslim players were in action for Sean Dyche's side a....
Jurgen Klopp says he is still Liverpool manager ‘because of the past, not this season
Sunakhari News/Kathmandu - Jurgen Klopp has said he is still Liverpool manager "because of the past" rather than his team's current form. Brendan Rodgers and Graham Potter were sacked on Sunday, meaning a record 12 Premier League managers have been dismissed this season. Liverpool are in danger of their worst league finish under Klopp, whose team visit Chelsea on Tuesday, but his position is yet to come under scrutiny. "If it was my first season it would be slightly different," said the....
Nepal, World Bank discuss strengthening management of fiscal risks in PPPs for infrastructure projects
Sunakhari News/ Kathmandu. The Government of Nepal aims to deliver NPR 0.8 trillion (US$6 billion) infrastructure investments through public-private partnerships (PPPs) as part of its Fifteenth Plan (2019/20 – 2023/24). While PPPs are vehicles to mobilize private sector financing, governments often must provide fiscal support to mitigate risks. The need for robust fiscal management to manage the government’s PPP-related fiscal risks, or Fiscal Commitments and Contingent Liabilit....
SIPRADI and NABIL Bank signs MoU to ease the purchase of XPRES-T EV Fleet from Tata Motors
Sunakhari News/ Kathmandu. Sipradi Trading Pvt. Ltd. (STPL) has recently signed an agreement with NABIL Bank Limited regarding the vehicle loan of upto 80% for the Premium EV Fleet segment from Tata Motors. XPRES-T is premium fleet electric sedan from Tata Motors amped with top-notch features for a smooth driving experience, and the right combination of substance and style. According to the agreement, any individual or institutions looking to purchase the XPRES-T EV from Tata Motors....
COVID-19’s Impact on South Asia’s Youth Could Last Generations
Sunakhari News / Kathmandu. The COVID-19 pandemic derailed development and caused a massive collapse in human capital for millions of children and young people across South Asia, according to a new World Bank analysis of data for people who were under the age of 25 at the onset of the pandemic. Human capital—the knowledge, skills, and health that people accumulate over their lives—is key to unlocking a child’s potential and enabling countries to achieve a resilient recovery and strong f....
Urgent Action Needed in South Asia to Curb Deadly Air Pollution
Sunakhari News/ Kathmandu. South Asia is home to 9 of the world’s 10 cities with the worst air pollution, which causes an estimated 2 million premature deaths across the region each year and incurs significant economic costs. A new World Bank report shows that there are economically feasible, cost-effective solutions to achieve clean air in the region, but this requires countries to coordinate policies and investments. Striving for Clean Air: Air Pollution and Public Health in Sou....