BBC News Asia Biz

Ranil Wickremesinghe says the country's central bank will print money to pay government wages.

In an exclusive interview with the BBC, Ali Sabry conceded it was a mistake to cut the tax in 2019.

On Monday, leading credit rating agency Moody's said the country is set to see "a series of defaults".

Official figures also showed the world's second largest economy grew at a faster pace than expected.

The country is scheduled to make $78m of interest payments on its international bonds on Monday.

Nepal relies heavily on neighbouring India for imports of almost all of its staples, including fuel.

The finance ministry said it otherwise had an "unblemished record" of paying its debts since independence.

P Nandalal Weerasinghe told the BBC that he will take up the role of the bank's governor on Thursday.

Ajith Nivard Cabraal's announcement came after all of the country's cabinet ministers resigned.

Compared to a year earlier, the economy grew 4% in the last three months of 2021, official figures show.

It is the latest such move as soaring prices threaten to destabilise the post-pandemic recovery.

The country's economy is on the brink of collapse after the exodus of international support.

The US accuses China of "skewing the playing field" during a review at the World Trade Organization.

Afghanistan's economic turmoil will fuel a refugee crisis impacting nearby countries, the fund warned.

The government says it will seize food stocks and set prices to contain inflation.

Former Nissan lawyer Ravinder Passi had a ringside seat of the downfall of chairman Carlos Ghosn.

Commodity companies in the country have been urged by officials to not push up prices.