The potential for remittances to reduce poverty and economic vulnerability, improve family welfare and stimulate economic development has been of special interest to the governments everywhere. For this to take place, the formulation and implementation of effective remittance-augmenting policies...

A potential problem that developing countries face with globalization is the choice of appropriate exchange rate policies due to increasing use of multiple currencies. In this context, the study of the Nepalese experience in Nepalese Currency (NC) exchange rate vis-à-vis the Indian Currency...

Set up in 1996, the HIPC Initiative's prime goal was to reduce eligible countries' debt burdens to the thresholds established under the Initiative. In September 1999, the HIPC Initiative was enhanced in order to provide broader, deeper and faster debt relief. There are both costs and benefits...

Since the past two decades, developing countries have begun liberalizing their national policies to set up a hospitable framework for FDI by relaxing rules regarding market entry and foreign ownership, improving the standards of treatment provided to foreign firms, and improving the functioning...

Nepal is accelerating the process of trade liberalization that had commenced in the mid-eighties; this is reflected in membership of WTO, agreement of a framework for a free trade area (FTA) in south Asia and entering an FTA with BIMST-EC. Since import duties are presently an important source of...

The world economy is integrating at an ever faster pace which can be reflected in both growing global trade and the increasing number of the World Trade Organization (WTO) members. To capture the benefits and advantages of global trade, Nepal has commenced the accession process for membership...