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
Foreign currency exchange rate: What is the value of dollars, euros and pounds?
Kathmandu. Nepal Rastra Bank has determined the official exchange rate of foreign currency for today. According to the central bank, the buying rate of one US dollar has been fixed at 152 rupees 40 paise and the selling rate has been fixed at 153...
Stock market fell sharply, turnover fell to 9 billion
Kathmandu. The stock market fell on Thursday. Today, the NEPSE index decreased by 33.83 points to close at 2,833.03 points, which is a decrease of 1.18 percent. Today, a total of 207 million 43 thousand 884 shares were bought and sold, and the tra...
NMB Bank launches 'EV Auto Loan' at 0.5% for new electric vehicles
Kathmandu. NMB Bank Limited has introduced loan facilities for new electric vehicles at a special interest rate starting from 0.5%, targeting the Naima Auto Expo. With the objective of promoting environment friendly transportation and sustai...
Huge increase in prices of cooking gas, diesel and petrol
Kathmandu. Nepal Oil Corporation has again increased the price of petroleum products. Noting that the price of petroleum products is fluctuating in the international market, the corporation has increased the price. The corporation has increased th...
9-point agreement between government and meterbay victims, suspension of 9-day long protest
Kathmandu. The protest against Meterbaz, which has been going on for the past 9 days, has finally been suspended after 9 points have been agreed between the government and the victims. After the 'Pedal Nyaya March' which started from Janakpur's Tr...
Meeting between the governors of Nepal and China
Kathmandu. Prada Vishwanath Poudel, Governor of Nepal Rastra Bank, who is on a visit to China, and Fan Kongsong, Governor of People's Bank of China PBOC, had a meeting today.
They met at the 20th Asia Pacific High Level Meeting on Banking Su...