The World Bank’s Nepal Fiscal Federalism Update (NFFU) aims to report annually on the progress of fiscal federalism in Nepal and identify implementation gaps. This second update reviews the progress on...
This first Nepal Fiscal Federalism Update mainly focuses on the developments in fiscal federalism since 2019, building on the extensive review of the Federalism Capacity Needs Assessment (2019). The assessment...
The economy in Nepal grew at a slower pace in the first half of FY23. A decrease in construction activities, the lower registration of new businesses, slower credit growth to the private sector, and lower...
The Nepal Development Update is produced annually to report on key economic developments that occurred during the year, place them in a longer-term and global perspective, and to examine (in the Special...
Nepal continues to struggle with the COVID-19 pandemic, but the ongoing COVID-19 vaccination drive has helped to reduce the fatality rate. The country experienced a first wave in March 2020, a second wave...
Nepal has been hit hard by COVID-19, although the situation has improved more recently. As the outbreak became widespread in mid-2020, a nationwide lockdown was implemented from March to July in 2020...
The global COVID-19 (Coronavirus) pandemic imposed both a supply and a demand shock on Nepal’s economy, which adversely affected growth. The global crisis induced by the pandemic initially impacted Nepal...
Economic growth in Nepal remained robust, reaching 7.1 percent in FY2019. This is in contrast with past growth that averaged 4.1 percent a year between FY2007 and FY2016. The service sector accounted for...
Gross domestic product (GDP) growth in Nepal is estimated at 7.1 percent in FY2019, driven mainly by the service and agriculture sectors. The service sector is likely to grow by 7.5 percent due to a boost...