Monday 3 November 2008

Nepal and the credit crunch

Nepal's isolation from the world markets might make it less affected by the current international financial crisis. As South Asia’s poorest country, Nepal has no international banks, no foreign investments in stocks, only basic financial rules and no direct connections to the international markets. When falls in the US and European bourses pulled Asian equities down with them, Nepal’s market was largely unaffected. http://www.ft.com/cms/s/0/f03dbda0-a9c2-11dd-958b-000077b07658.html?nclick_check=1

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