Islamabad, Nov 20: The International Monetary Fund (IMF) has revised Pakistan's foreign loan requirement to USD 25 billion for this fiscal year, reducing it by USD 3.4 billion, The Express Tribune newspaper reported, adding that it also lowered Pakistan's economic growth projection to just 2 per cent.
Ladies and gentlemen, welcome to the thrilling world of eco-comedy, where the stage is set for an uproarious ride that revolves around the star of the show. We'll refer to the project simply as "GREED by ABC'' to maintain discretion. This intriguing narrative unfolds without revealing specific details to keep the jungle lion at bay. It's a tale of economic growth seamlessly entwined with environmental goals and social inclusion. But wait, the real punchline is that this showstopper isn't quite what it seems. It's akin to opening a pack of cigarettes, and hidden in the fine print, you discover that it's all about loans. Ta-da!
KATHMANDU, Oct 3: The World Bank has projected Nepal's economic growth rate at 3.9 percent in 2024. In its latest semi-annual report titled 'Nepal Development Update: Restoring Export Competitiveness,' the World Bank predicts that Nepal's economy will experience a growth rate of 3.9 percent in the year 2024.
KATHMANDU, July 23: On Sunday, Nepal Rastra Bank (NRB) unveiled the monetary policy for the current financial year 2023/24, making significant adjustments to key interest rates. The policy rate has been reduced from 7 percent to 6.5 percent, a move aimed at stimulating economic growth.
Achieving a balance between environmental sustainability and economic growth is a challenge for developing countries like Nepal. Although economic growth is essential for enhancing citizens' lives, it frequently results in environmental deterioration. The usage of fossil fuels and the exploitation of natural resources cause pollution and environmental damage.
At a time when the economic growth rate has been sluggish, a report prepared by the National Planning Commission (NPC) shows that the per capita income of Nepali people will skyrocket by 40.11 percent to reach 1,935 US dollars in the next four years.
KATHMANDU, Oct 8: The World Bank (WB) has estimated Nepal’s economic growth rate to reach 5.1 percent in the fiscal year 2022/23, which is way higher than the projection of 4.7 percent made by the Asian Development Bank.
KATHMANDU, April 6: The Asian Development Bank (ADB) has projected a 3.9 percent economic growth rate for Nepal in the current fiscal year - almost half of the government-forecast rate of seven percent.
KATHMANDU, Jan 9: Nepal Rastra Bank (NRB) Governor Maha Prasad Adhikari has said achieving the economic growth rate of seven percent targeted by the government for this fiscal year will be a herculean task.
KATHMANDU, Oct 7: The World Bank (WB) has projected that the Nepali economy will grow by 3.9 percent in the current fiscal year, an improved average from 2020/21, with the country lifting containment measures as vaccination picks up and tourism and migrant worker flow recover.
KATHMANDU, Sept 22: Owing to prevailing high infection rates of the coronavirus, the Asian Development Bank (ADB) has revised Nepal’s economic growth rate to 4.1 percent from an earlier projection of 5.1 percent in 2022.
DHANUSHA, Sept 12: The government of Province 2 has published the Economic Survey 2020/21, a first of its kind in the Province. According to the economic survey published by the government, the economic growth rate of the Province is 3.5 percent.
KATHMANDU, June 9: The World Bank (WB) has pointed out that the slow process of vaccination has hit the economic recovery of countries like Nepal that are being hit hard by the second wave of COVID-19.
KATHMANDU, May 30: The government has tried to establish its rationale behind the presentation of a full budget as being constitutional and feasible for implementation, despite the budget facing widespread criticism for being a ‘populist and distributive’ one enforced by a caretaker government.
KATHMANDU, May 29: The government has estimated the annual growth rate to stand at 6.5 percent in the next fiscal year. Unveiling the budget for the fiscal year 2020/21, Finance Minister Bishnu Prasad Poudel has projected the economic growth rate for the economy hit hard by COVID-19 pandemic.
The future of our children and our nation is at risk. This is because learning achievement of our children is low and stagnant. The time to bask in the success of getting students enrolled in schools is over. Analyses show stronger positive association of economic growth with learning outcomes than with enrollment.
The concept of human development emerged in the 1970s out of the need to redefine the conventional notion of development which focused only on economic growth. This new idea appeared in the development thinking to disapprove the development model which only stresses on constructing big infrastructures and accelerating the economic growth.
In Nepal like in many other countries, you often read about CEOs of big businesses like major banks or corporate groups talking about leadership and management as if only power, money, that often come from privilege, are the only essential determinants of leadership. With media houses in search for the cool guy able to talk leadership and give wise advice, it all smells of entitlement and power.
KATHMANDU, Feb 13: The government on Wednesday expressed its firm determination to achieve its target of economic growth after revising the earlier announced budget size and expected expenditures allocated for development works.
KATHMANDU, Jan 1: The year 2019 was a mixed bag for the country's economy. There were some bright spots in the economy, notably the robust growth momentum. However, some problems continued to plague the economy. The year also offered a hope for the New Year 2020 as the progress in at least three national pride projects indicates that they are nearing completion. As the New Year approaches, Republica has compiled five positive and five worrying signs of the economy.
NEW YORK – Over the past 25 years, nearly 1.2 billion people around the world have been lifted out of poverty, while both malnutrition and the risk of death from air pollution have decreased. Taken together, these achievements are nothing short of a miracle. But two global trends now threaten to slow the momentum in reducing poverty.
KATHMANDU, Sept 5: Though the Nepali economy has been growing in the last three fiscal years at a pace higher than the average growth rate of the last decade, some of the macroeconomic indicators, particularly related to the external sector, are worsening.
KATHMANDU, June 25: Minister for Finance, Dr Yuba Raj Khatiwada, has said that the tourism sector is the crucial basis of country' speedy economic growth, employment creation and foreign currency earning.
BEIJING, June 5: The International Monetary Fund (IMF) on Wednesday cut its 2019 economic growth forecast for China to 6.2% on heightened uncertainty around trade frictions, saying that more monetary policy easing would be warranted if the Sino-U.S. trade war escalates.
KATHMANDU, May 29: The government has projected high economic growth rate for the current fiscal year driven mainly by agricultural productions. However, statistics of livestock production released by the Ministry of Finance has been found questionable.
BIRATNAGAR, May 19: Bangladeshi Ambassador to Nepal Mashfee Binte Shams has said that Nepal could learn from the economic growth achieved by her country. Inspecting a building of Everest Education Foundation being built here using steel structure technology produced in Bangladesh, she said on Saturday that lately, Bangladesh has made significant progress in economic growth and development.
KATHMANDU, May 4: The government targeted 8 percent economic growth but the projection is somewhere below 7 percent, largely driven by agriculture . Similar will be the fate of the next fiscal year starting mid-July as the growth target announced is even higher.
MANCHESTER – Last month, I wrote about the growing divide between economic theory and real-world economic conditions, and reminded readers that economics is still a social science, despite whatever loftier ambitions its practitioners may have. Nonetheless, when it comes to the specific question of what drives economic growth in the long term, one can still offer rigorous predictions by focusing on just two forces.
KATHMANDU, April 10: The latest edition of the World Economic Outlook (WEO) from the International Monetary Fund (IMF) has projected Nepal’s economy to grow by 6.5 percent in the current fiscal year – FY2018/19.
KATHMANDU, April 5: The National Development Council (NDC) meeting has endorsed the approach paper of 15th National Plan and a long-term vision paper with various 'ambitious' targets like achieving 10.2 percent economic growth and raising per capita income to $1,600 by the end of the five-year plan, among others.
KATHMANDU, April 4: Progress in development indicators of the country’s 14th development plan have been more satisfactory compared to those in the past plan periods, according to a report of National Planning Commission.