West Asia conflict could reverse Nepal’s human development gains: UNDP
Summary
Nepal risks losing up to a month of human development progress due to the West Asia conflict impacting remittances, food security, and employment dependent on Gulf countries.
Key Points
- The ongoing West Asia conflict threatens to reverse Nepal’s human development gains by disrupting remittances and key agricultural inputs.
- Nepal, heavily dependent on remittances from Gulf countries, could see increased poverty and economic slowdown if the conflict persists.
- The report estimates significant GDP and income losses for Nepal and South Asia due to energy price shocks and disrupted labour mobility.
- Women, migrants, and low-income households in Nepal face heightened risks from employment losses in informal sectors and SMEs.
