ADB forecasts that economic growth will be limited to 2.7 percent
-
Media Baaji
- Sat, 11 April 2026
Kathmandu. The Asian Development Bank ADB has released a forecast that Nepal's economic growth rate will be limited to 2.7 percent in 2026. According to the 'Asian Development Outlook April 2026' published by ADB, this rate was 4.6 percent in the previous financial year, but this year it was low.
According to ADB's country director for Nepal, Arno Koswa, economic growth is expected to slow down due to political uncertainty, the Genji movement of last August and the ongoing conflict in the Middle East region. Mentioning that if political stability is maintained, it will help the reform program to move forward and increase economic confidence, Koswa said that due to the Middle East conflict, there are risks due to the impact on oil prices, tourism and remittances.
In the report, it is estimated that the economic growth rate will reach five percent in the next financial year. It is expected that the economy will be supported by the improvement in domestic demand, increase in hydropower exports and the revival of the tourism sector as the obstacles seen at present gradually decrease.
Related News
Nepal's emphasis on strengthening the United Nations development system
Kathmandu. Nepal has emphasized on the need to strengthen the United Nations development system. Nepal is of the opinion that it is necessary to do so to ensure multilateralism. Lok Bahadur Thapa, Permanent Representative of Nepal to the United Na...
Gas subsidy being scrapped
Kathmandu. The government has released Energy Consumption Growth and Export Strategy, 2083 with a plan to cancel the subsidy on LP gas for cooking till the financial year 2092 and 93 and provide subsidy on electric stoves. The strategy, published...
Here are the foreign currency exchange rates set for Friday
Kathmandu. Nepal Rastra Bank has determined the exchange rate of foreign currency for Friday. According to the determined exchange rate, the buying rate of one US dollar is 147 rupees 92 paisa and the selling rate is 148 rupees 52 paisa. Similarly...
Public transport fares have increased again
Kathmandu. The Transport Management Department has increased the fare rates of public transport running across the country. The department has decided to increase the fares of both passenger and freight vehicles with effect from 16th Baisakh 2080....
What is the exchange rate of foreign currency on Tuesday?
Kathmandu. Nepal Rastra Bank has determined the exchange rate of foreign currency for today. According to Rashtra Bank, the buying rate of one US dollar has been fixed at 140 rupees 90 paisa and the selling rate is 141...
The price of gold increased by 5400 rupees per tola in one day, at what price is it going to be bought and sold today?
Kathmandu. Even today, the price of gold and silver has increased in Nepali market. On Tuesday, the price of gold increased by one thousand rupees per tola, on this day it increased by five thousand four hundred rupees per tola. According to the F...