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Due to the overlapping inter-related challenges such as jobs recovery from the pandemic, inequality, climate change, and global economic issues, among others, development partners have suggested Nepal accelerate good investments and policy implementation, while creating inclusive opportunities and green jobs.
With the HDI value of 0.602, the republic stands second lowest in per capita income in the region, with only Afghanistan ranking lower.
Tucked between the towering Himalayas, Nepal has a rich cultural heritage and spectacular natural scenery. However, underneath this lovely frontage lies a complex economic issue – a persistent trade deficit.
If Nepal settles all of its foreign loans now, it will incur a loss of nearly Rs60 billion.
KATHMANDU, Oct 6: The World Bank (WB) has estimated expansion of Nepal's economic growth in the coming fiscal year.