Nepal's Financial Reforms: No Approval Needed for Profit Repatriation & New Banking Solutions

Foreign companies will no longer need prior approval from the central bank to repatriate their profits. Disputes that have been sitting in courts for years can be settled by paying the original assessed tax plus a small surcharge, with all penalties and interest waived.

A bad bank—formally, a national asset management company—will be created by the end of the year to buy troubled loans off commercial bank balance sheets, freeing those banks to lend again. The Nepal Stock Exchange will introduce intraday trading and eventually short selling and derivatives, tools that allow investors to hedge their positions and that most regional markets have offered for years

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