Editorial | Rebuilding the economy
Summary
Nepal's economy faces setbacks due to recurring natural disasters and political unrest, leading to lowered growth projections and urgent calls for disaster-resilient infrastructure and investor confidence restoration.
Key Points
- Nepal's economy has been severely impacted by natural disasters including floods, landslides, and a devastating earthquake since 2015.
- Political unrest and destruction of key public infrastructure have further destabilized the economic environment.
- The World Bank revised Nepal’s economic growth for the current fiscal year down to 2.1 percent, with potential for negative growth.
- The interim government, led by Sushila Karki, is urged to focus on restoring business confidence and ensuring political stability ahead of parliamentary elections.
