Nepal’s Economic Growth Projected at 3.7% After Rasuwa Flood: World Bank
Summary
Nepal’s economic growth is projected to slow to 3.7% in fiscal year 2083/84 after the Rasuwa flood damaged hydropower, transport and other infrastructure. The World Bank says growth could recover to 5.2% the following year as reconstruction advances and urges Nepal to rebuild more resiliently.
Key Points
- Nepal’s economy is projected to grow by 3.7% in fiscal year 2083/84 after the Rasuwa flood disrupted industries and services.
- Damage to hydropower, solar energy, electricity transmission and transport infrastructure is expected to hit industrial and service activity the most.
- The World Bank says growth may rebound to 5.2% in fiscal year 2084/85 as reconstruction and recovery work progresses.
- The report urges Nepal to rebuild infrastructure more resiliently, strengthen early warning systems and improve social protection for disaster-affected families.
