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Tag: Nepal economy

Why Nepal needs to introduce a mega bank merger plan

After the restoration of democracy, Nepal has adopted more liberal and open economic policies. The process of economic liberalisation and reforms in the financial sector introduced in the early 1980s has led to significant changes in the banking industry. The open and liberal policy of the government has supported the establishment of many banks and […]

World Bank predicts 7.1% GDP growth for Nepal this fiscal year

Kathmandu, June 6 The World Bank has predicted that Nepal is likely to achieve a gross domestic product growth of 7.1 per cent in this fiscal year 2018/19. Making public its report titled ‘Nepal Development Update: Investing in People to Close the Human Capital Gap’, the bank says the country’s economy will be mainly driven […]

Govt claims ‘exciting’ improvements in economy

Kathmandu, May 27 The government has claimed that the country recorded impressive scores in different economic indicators in past one year, adding political stability has created an investment friendly environment. Finance Minister Yuba Raj Khatiwada says the level of poverty has significantly dropped in the country. Presenting the economic survey of the fiscal year 2018/19 […]

World Bank tells Nepal among South Asian countries to promote export

Kathmandu, April 8 All countries of South Asia needs to increase export so as to sustain the region’s high growth and reach its full economic potential, says the World Bank. In its half yearly regional economic update, the Bank finds that the region’s growth, while still robust, is mainly driven by domestic demand, which in turn swelled […]

ADB projects Nepal’s economic growth at 6.2% for this fiscal year

Kathmandu, April 3 The Asian Development Bank says Nepal’s economic growth will be at 6.2 per cent for this fiscal year 2018-19. It will be just 6.3 per cent the next year, according to the Bank’s macroeconomic update. “The outlook is for a stable growth on the back of strong domestic demand, fuelled by a […]

Improve performance to tap more opportunities, ADB tells Nepal

Kathmandu, November 23 Asian Development Bank, one of the major development partners of the Nepal government, has called on the government to improve project implementation performance if it wants to further tap investment opportunities available from its donors. Improving the performance is the key to Nepal getting more funds for development, ADB Deputy Director General […]