IFC provided Buddha Air a loan of $6.1 million.Interest rate for the loan is 4.19% . On going interest rate of a loan taken from Nepali commercial banks is about 12%.Click here to read more
Just yesterday,I was reading a news paper article with a title- 28% fall in banks credit flow to the private sector.
Humm....It makes me wonder if IFC is "crowding in" or crowding out " private sector ? Buddha Air already controls 43% of the domestic airline market ...Monopoly anyone??
Just yesterday,I was reading a news paper article with a title- 28% fall in banks credit flow to the private sector.
Humm....It makes me wonder if IFC is "crowding in" or crowding out " private sector ? Buddha Air already controls 43% of the domestic airline market ...Monopoly anyone??
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