Money

Developer threatens to pull out from Nepal over hedge fund row

Nepal Water and Electricity Development Company (NWEDC) threatened to pull out from Nepal after the government asked it to contribute a hefty sum to a hedge fund to be used as a cushion against exchange rate risks. A hedge fund is an insurance like mechanism that helps to mitigate the risk of additional liability arising from fluctuations in foreign exchange rates. Developer threatens to pull out from Nepal over hedge fund row
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Bibek Subedi
Published at : January 8, 2019
Updated at : January 8, 2019 09:00
Kathmandu


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