Economics
Nepal’s Foreign Trade Deficit Surges to Rs 861.38 Billion Despite Export Growth
Nepal’s foreign trade took a hit, recording a massive loss of Rs 861.38 billion over the past seven months of this fiscal year. Total trade? A whopping Rs 1,115.79 billion. The Department of Customs dropped these numbers, and honestly, it’s not looking great. Imports? Rs 988.58 billion. Exports? Just Rs 127.20 billion.
February 22, 2025
Construction Begins on Three Major Hydropower Projects in Dhaulagiri, Enhancing Infrastructure and Energy Capacity
Dhaulagiri Rural Municipality Chair, Prem Prasad Pun, shared that three out of eight planned hydropower projects along the Myagdi River, as well as its tributaries Gurja and Mudi rivers have started construction. The Upper Myagdi-1 Hydropower Project will feature a dam in Khamla, Mudi, and a powerhouse in Malika Rural Municipality-7, Bharbang. The project has already built an access road and begun work on the tunnel and dam infrastructure, according to Project Chief Jyoti Kumar
February 22, 2025
Nepal's Public Debt Reaches Rs. 2,611.06 Billion in 2025
Nepal’s public debt now stands at Rs. 2,611.06 billion as of mid-February 2025. It’s a pretty huge jump compared to last year, and it’s raising some concerns.The external debt is Rs. 1,328.25 billion, while domestic debt comes to Rs. 1,282.81 billion. These numbers are based on the latest report by the Public Debt Management Office.
February 22, 2025
Nepal’s Public Debt Surges Past 45% of GDP, Raising Economic Concerns
Nepal’s public debt has increased past 45% of the country’s Gross Domestic Product (GDP), raising concerns over the nation’s financial sustainability and economic future.
February 22, 2025
US Suspends $500 Million MCC Grant to Nepal
In a major setback for Nepal’s infrastructure development, the United States has suspended its $500 million Millennium Challenge Corporation (MCC) grant, putting key energy and road projects at risk.
February 19, 2025
Government Prioritizes IT Investment to Drive Economic Growth, Says Minister Bhandari
The government is taking decisive steps to position the information technology sector as a key area for investment, recognizing its potential to drive Nepal’s economic growth, Minister for Industry, Commerce, and Supplies Damodar Bhandari said on Friday.
February 17, 2025
Nepal, UAE Strengthen Ties with Focus on Labor, Tourism, and Economic Cooperation
Nepal’s Foreign Minister, Dr. Arzu Rana Deuba, met with UAE Minister of State for Foreign Affairs, Ahmed Ali Al Sayegh, in Muscat, Oman, on the sidelines of the 8th Indian Ocean Conference. The two leaders discussed strengthening Nepal-UAE ties, focusing on labor, tourism, economic cooperation, and climate change mitigation.
February 16, 2025