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IMF favours monetary tightening to contain Nepal’s falling forex reserves

CNA – Nepal should engage in monetary tightening including rate hikes to contain dwindling forex reserves, without resorting to import curbs that could push up prices and hamper economic growth, a senior International Monetary Fund (IMF) official said. The government must address inflationary pressures and growing external imbalances, while safeguarding the economic recovery, Robert Gregory,
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