IMF executive board approves policy reforms to better support low-income countries United News of Bangladesh (UNB)
Bangladesh, July 23 The executive board of the International Monetary Fund (IMF) has approved a set of policy reforms to the concessional lending facilities to better support the recovery of low-income countries (LICs) from the COVID-19 pandemic. These reforms are set to ensure that the Fund has the capacity to respond flexibly to LICs needs over the medium term while continuing to provide concessional loans at zero interest rates, the IMF said Thursday in a statement.
The centerpiece of the policy reforms that were approved by the IMF executive board last week is a 45 percent increase in the normal limits on access to concessional financing, coupled with the elimination of hard limits on access for the poorest countries, according to the IMF.
The India-Nepal Special Relations Myth
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Nepal needs a flagship research university Kathmandu Post
Nepal, July 21 What is a research university?
A research university is, by definition, one that prioritises research over teaching. Its faculty members are engaged in the production of new knowledge. They engage in basic as well as applied research activities and report their findings in peer-reviewed books and journals. They compete for research grants offered by non-profit foundations, businesses, industry and the government.
Most research universities are meritocratic in orientation. They hire and retain highly qualified professors based on well-articulated criteria. These criteria include acquiring advanced academic credentials from top-tier universities, publishing articles in peer-reviewed journals, awarding competitive grants, and a prior academic appointment at other institutions of higher learning. Another aspect of their emphasis on merit relates to the intake of high achieving students. Togeth
The curse of tinpot heroes Kathmandu Post
Nepal, July 21 The tragicomedy of the Sunday evening at the Pratinidhi Sabha Bhavan in New Baneshwor had a reassuring ending. Since the outcome was expected, the play was enacted and watched with reciprocal boredom. When Speaker Agni Prasad Sapkota declared that the motion of the vote of confidence tabled by Prime Minister Sher Bahadur Dubai had been endorsed by a majority, the announcement was received with a huge sigh of collective relief.
Parliamentarians of the Nepali Congress (NC) know their chairperson too well to expect anything new from their septuagenarian leader. At 75, Prime Minister Deuba is one of the last politicos of the Veterans Generation of Nepal that were born before the overthrow of the Ranas in 1951 but grew up when the Shahs had begun to consolidate their stranglehold over the polity and society. They struggled against the authoritarian regime for almost three decades and were done with their life
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