Nearly half a million Nepalis rescued from abroad since the start of pandemic Kathmandu Post
Kathmandu, July 24 Nearly half a million Nepalis who were stranded abroad due to the Covid-19 pandemic have been rescued so far, according to the Covid-19 Crisis Management Centre. © Thomson Reuters FILE - Nepalese nationals who were in the coronavirus-stricken Chinese city of Wuhan walk out from a Nepal Airlines plane carrying 175 Nepalese nationals, before being sent to be quarantined, at Tribhuvan International Airport in Kathmandu, Nepal February 16, 2020. REUTERS/Navesh Chitrakar
As per the details released by the CCMC on Friday, a total of 489,418 Nepalis from 60 countries have so far been rescued. Most people were rescued from labour destinations including the Persian Gulf states, Malaysia and India.
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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.