1. The Asian Development Bank revised the projected economic growth rate of Nepal to 4.1% from 5.1% for the year 2021/22, based on the huge dip in the country’s service sector, particularly the tourism sector. [1]

  1. To finance the soaring imports, Nepal spent a total of USD 4.54 billion to obtain INR 535.23 billion in FY2020/21, a 19% increase from the previous year according to the Nepal Rastra Bank (NRB) annual report.[1]

  1. The Nepal Rastra Bank (NRB) released the Monetary Policy for fiscal year 2021/22 on Friday.The policy focuses on assisting enterprises affected by the COVID-19 through refinancing facilities and subsidized loans and promoting this fiscal year as ‘Electronic Transaction Promotion Year’ by developing necessary infrastructure for digital transactions.

  1. According to the Financial Comptroller General Office (FCGO), capital expenditure in FY 2020/21 accounted for 64.69% of the total fund allocated under this heading, meaning the government managed to spend just NPR 227.73 billion out of the allocated sum of NPR 352.91 billion.
  2. During the FY 2020/21, commercial banks of Nepal expanded their operations by 28.07% whereby they extended a total of NPR 815.44 billion additional loans and collected NPR 711.41 billion additional deposits.
  3. The medical equipment imports doubled from NPR 8.08 billion to NPR 15.24 …

Nepal Economic Forum

NEF is a not for profit organization aiming re-define the economic development discourse in Nepal

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