The World Bank In Nepal

Nepal is undergoing a historic transition toward a federal and secular republic. This represents a window of opportunity for the country to further reduce poverty, increase the income of the bottom 40 percent, and pursue its ambitious agenda of inclusive growth and accountable service delivery.

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Nepal At-A-Glance

Growth in Nepal this year will be slower than previously projected due to the impacts of import restrictions, monetary policy tightening, higher inflation, and shrinking government expenditure reflecting lower government revenue. The latest Nepal Development Update (April 2023): Fine-Tuning Policy in a Turbulent Environment, projects Nepal’s economy to grow by 4.1 percent in FY23, a downward revision from the October 2022 forecast. Growth is expected to accelerate to 4.9 percent in FY24, supported by the resumption of tourism, growth in remittances, and the gradual easing of monetary policy.

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Projects

Nepal Urban Governance and Infrastructure Project

Nepal Urban Governance and Infrastructure Project (NUGIP) promotes sustainable urban development and supports Nepal's post-COVID-19 economic recovery through labor-intensive public works, delivering small-scale community infrastructure maintenance and rehabilitation projects in roads, sanitation, water, environment, and parks.

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