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NAC struggles to secure concessional loan from int'l lenders - myRepublica - The New York Times Partner, Latest news of Nepal in English, Latest News Articles

KATHMANDU, April 8: The Nepal Airlines Corporation (NAC) attempted to secure a 'soft loan' (concessional loan) of approximately Rs 135 billion from an international agency to manage its internal debt and acquire new aircraft, but it was unsuccessful in obtaining the loan. Due to the high interest costs associated with internal loans, the corporation pursued a soft loan; however, foreign entities did not express interest. ....

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