Nepal’s economy faced challenges in the current fiscal year, but both the World Bank and the Asian Development Bank foresee a rebound in economic growth in the coming years, with varying projections for fiscal year 2024 (FY24) and beyond. The World Bank reported that Nepal’s GDP growth is expected to contract by 1.9 percent in […]
World Bank: Nepal to have an economic rebound Read Post »
By Trijya Kafle Les Trente Glorieuses, a phrase from French directly translated as “The Glorious Thirties”, represents a three-decade period of social and economic transformation after the end of World War II. Even though it has been nearly 15 years since the end of Nepal’s Civil War, glorious years for Nepalis are nowhere near sight.
The ‘Distrust Trap’ – Dwindling economy amid COVID-19 Read Post »
Of the 14 Covid-19 fatalities in Nepal, 11 people died at quarantine centers. Of them, nine tested positive for coronavirus infection through a PCR test while two tested negative, and the results of three are awaited. Similarly, six among the total national Covid-19 fatalities died after being transferred to hospitals from respective quarantine centers upon
When the President presented the government’s plans and policies for the year 2077/78 BS, Small and Medium Enterprises (SMEs) were hopeful for the announcement to include some respite for them. However, except for ambitious long-term plans for large-scale industries, the government had nothing to offer to SMEs. The extended nation-wide lockdown, which has been stretched
-By Sweta Timilsina, MBA, Asst. Director NRB | Ojesh Upreti, MBA-OL| MSPM According to United Nations Conference on Trade and Development (UNCTAD), the cost of Covid-19 to the global economy is estimated to be more than $ 1 trillion. This widely spreading contagious disease which has wreaked havoc is certain to push down the global
What Covid-19 could mean for a small economy like Nepal? Read Post »
Hong Kong will hand out cash to adult permanent residents, to help boost spending and ease financial burden. As part of the annual budget, $10,000 Hong Kong dollars was announced for about seven million people over the age of 18. The territory’s economy has been battered by months of violent political unrest, and more recently
Hong Kong to give cash gift of $1,200 to residents Read Post »
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