ABSTRACT

Nepal Development Update: 'Post-Pandemic Nepal - Charting a Resilient Recovery and Future Growth Directions'   [open pdf - 0B]

From the Executive Summary: "1.Nepal's economy faced headwinds in the first half of FY2020. [...] 2. With slower economic activity, imports declined in the first half of FY2020, narrowing the external deficit but adversely affecting revenue collection. [...] 3. The global COVID-19 [coronavirus disease 2019] pandemic imposed both a supply and a demand shock on Nepal's economy, which adversely affected growth. [...] 4. COVID-19 has increased external and fiscal pressure by reducing foreign currency inflows and revenues. [...] 5. The Government of Nepal has responded to the crisis through fiscal and monetary measures."

Publisher:
Date:
2020-07-23
Series:
Copyright:
World Bank Group
Retrieved From:
Open Knowledge Repository: https://openknowledge.worldbank.org/
Media Type:
application/pdf
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