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Posts tagged as “assurances”

Two-way trade through Tatopani remains a mirage

by Anish Tiwari in The Kathmandu Post, Oct 3, 2023Beijing supposedly reopened the Tatopani-Khasa route on the Nepal-China border to two-way trade last May, but Nepali traders say they were given false assurances. “It’s only one-way trade,” said Sanu Maya Sherpa, a local trader from Bhotekoshi Rural Municipality-2. “We are not allowed to sell our products in Chinese cities.” The northern border was closed after the 2015 earthquake. Commerce resumed through the Tatopani border point…

IMF says 2.9bn loan bailout for Sri Lanka tied to debt relief from bilateral creditors

report in The Island, Feb 11, 2023The International Monetary Fund said its approval of the $2.9 billion loan bailout of the crisis-riddled Sri Lanka will depend on the country securing assurances on debt relief from its bilateral creditors, Bloomberg reported yesterday Bloomberg quoted an IMF spokesperson who said “Sri Lanka continues to engage with official bilateral creditors to obtain financing assurances and also continues to advance domestic reforms. As soon as adequate assurances are obtained…