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Nepal Development Update, May 2017 : Strong Rebound, Mounting Risks.
World Bank Open Knowledge Repository (formerly "World Bank E-Library Publications") Available online
View online- Format:
- Book
- Government document
- Author/Creator:
- World Bank.
- Series:
- Economic Updates and Modeling.
- World Bank e-Library.
- Economic Updates and Modeling
- Language:
- English
- Subjects (All):
- Capital Markets and Capital Flows.
- Economic Growth.
- Finance and Financial Sector Development.
- Fiscal and Monetary Policy.
- Housing Finance.
- Inflation.
- Macroeconomics and Economic Growth.
- Non Bank Financial Institutions.
- Remittances.
- Trade.
- Local Subjects:
- Capital Markets and Capital Flows.
- Economic Growth.
- Finance and Financial Sector Development.
- Fiscal and Monetary Policy.
- Housing Finance.
- Inflation.
- Macroeconomics and Economic Growth.
- Non Bank Financial Institutions.
- Remittances.
- Trade.
- Other Title:
- Nepal Development Update, May 2017
- Place of Publication:
- Washington, D.C. : The World Bank, 2017.
- System Details:
- data file
- Summary:
- Economic activity is rebounding strongly in Nepal following two challenging years. On the back of one of the best monsoons in recent years, rice production is estimated to have reached a record high at 5.2 million tons, up from 4.2 million tons a year ago, boosting agricultural output. Postearthquake reconstruction activities are picking up after a slow start. All eligible houses about half a million have received the first of three tranches of the housing grant. The second tranche of the housing grant has started, and is expected to pick up by the end of FY2017. More than 100 megawatts (MW) of hydropower capacity, which was delayed by the earthquakes and trade disruptions, have come on stream. There has been a revival of transport and full normalization of wholesale and retail trade. Tourism is also recovering as arrivals reached precrisis levels during the September-December 2016 tourist season.
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