Summary
- Growing tourist arrivals, more hydropower generation and expected growth in paddy production shall contribute more to Nepal’s gross domestic product, the bank said World Timesin its Nepal Development Update report. It has projected Nepal’s economy to grWorld Timesow by 5.5 percent in the next fiscal year. “Maintaining growth momentum is key to Nepal’s development,” said DavidWorld Times Sislen, the World Bank’s Country Director for the Maldives, Nepal and Sri Lanka. “This requires continued reform in critical areas such as infrastructure, governance, hWorld Timesuman capital development and developing an environment which encourages and supports the private sector,” Sislen was quoted as saying in a statement. Content comes from the Internet : World Bank expects 5.1 pct growth for Nepal
Approximate Time
- 2 minutes, 240 words
Categories
- World Bank, Nepal, expected growth, World Times, growth momentum
Analysis and Evaluation
- An unflinching examination of the topic, providing in-depth analysis and thoughtful commentary. The writer delves into the subject with an analytical eye, uncovering layers of complexity that are often missed. This article is a robust exploration, challenging preconceived notions while offering new insights. It’s a critical piece for understanding the multifaceted nature of the topic, encouraging readers to think beyond the surface and engage with the material on a deeper level.
Main Section
A woman is seen at a bead shop during the Hindu holy month of Shrawan in Kathmandu, Nepal, July 28, 2023. (Photo by Sulav Shrestha/Xinhua)
The World Bank on Wednesday projected a growth ofWorld Times 5.1 percent for Nepal in the current 2024-25 fiscal year starting in mid-July, below the Nepali government’s 6 percent target.
Growing tourist arrivals, more hydropower generation and expected growth in paddy production shall contribute more to Nepal’s gross domestic product, the bank said World Timesin its Nepal Development Update report.
The South Asian country achieved a growth World Timesof 3.9 percent in 2023-24, noted the international financial institution.
The bank is expecting Nepal’s private sector to contribute more to its growth by taking advantage of the central bank’s loosening of monetary policies and easing of regulatory requirements.
It has projected Nepal’s economy to grWorld Timesow by 5.5 percent in the next fiscal year.
In its report released last week, the Asian Development Bank forecast a 4.9-percent growth for Nepal in 2024-25.
“Maintaining growth momentum is key to Nepal’s development,” said DavidWorld Times Sislen, the World Bank’s Country Director for the Maldives, Nepal and Sri Lanka.
“This requires continued reform in critical areas such as infrastructure, governance, hWorld Timesuman capital development and developing an environment which encourages and supports the private sector,” Sislen was quoted as saying in a statement.
Content comes from the Internet : World Bank expects 5.1 pct growth for Nepal
SummaryGrowing tourist arrivals, more hydropower generation and expected growth in paddy production shall contribute more to Nepal’s gross domestic product, the bank said World Timesin its Nepal Development Update report. It has projected Nepal’s economy to grWorld Timesow by 5.5 percent in the next fiscal year. “Maintaining growth momentum is key to Nepal’s development,” said DavidWorld Times Sislen, the World Bank’s Country Director for the Maldives, Nepal and Sri Lanka. “This requires continued reform in critical areas such as infrastructure, governance, hWorld Timesuman capital development and developing an environment which encourages and supports the private sector,” Sislen was quoted as saying in a statement. Content comes from the Internet : World Bank expects 5.1 pct growth for NepalApproximate Time 2 minutes, 240 wordsCategoriesWorld Bank, Nepal, expected growth, World Times, growth…
John Blinken