Thursday, May 28, 2015Thursday, May 28, 2015

President intervenes as Nepal's cash crisis deepens

Published on Nov 19, 2012 5:28 PM

KATHMANDU (AFP) - Nepal's president on Monday gave warring political factions three days to avert a budget crisis that could leave 500,000 public workers unpaid, and also to agree a date for elections.

Nepal has not had a parliament or fully functioning government since June and the Maoist caretaker administration has failed to fulfil a pledge to arrange polls which were due this week.

The Himalayan country's opposition parties have said they will not agree on a new election date or support the budget without the resignation of Maoist Prime Minister Baburam Bhattarai.

Nepal has been surviving on emergency funds but they ran out last week.

Enjoy 2 weeks of unlimited digital access to The Straits Times. Get your free access now!