KATHMANDU, April 3: The World Bank (WB) has projected Nepal's economic growth rate to be 4.5 percent for the fiscal year 2024/25, up from 3.9 percent in the previous year.
According to the report, growth will be driven by internal trade, hydropower, and rice production, with an average rate of 5.4 percent expected for 2025/26 and 2026/27.
WB projects Nepal's economic growth rate at 3.9 percent in 2024
David Sislen, the World Bank’s Country Director for Maldives, Nepal, and Sri Lanka, emphasized the need to boost private sector-led economic growth to create jobs.
The report also highlights potential risks to Nepal’s economic outlook, including geopolitical and trade-related uncertainties, declining investment returns, deteriorating loan quality, policy instability due to frequent staff transfers, and delays in capital budget implementation.
