In this context, I think three factors are essential for the progress of the Nepalese economy. First of all, it is vital that there should be a firm will for economic development and the resolution to carry it out. The Nobel laureate Arthur Lewis pointed to “the will to economize” as the most important motivation for economic growth.
In addition to immediate crisis-related injections of liquidity, the Federal Reserve moved to address the perceived shock to the macroeconomy by lowering the federal funds rate 50 basis points on September 17 and an additional 75 basis points by the end of the year.