Nepal Development Update, May 2017 : Strong Rebound, Mounting Risks
Economic activity is rebounding strongly in Nepal following two challenging years. On the back of one of the best monsoons in recent years, rice production is estimated to have reached a record high at 5.2 million tons, up from 4.2 million tons a y...
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| Format: | Report |
| Language: | English en_US |
| Published: |
World Bank, Kathmandu
2017
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| Online Access: | http://documents.worldbank.org/curated/en/785451494512764608/Nepal-development-update-strong-rebound-mounting-risks http://hdl.handle.net/10986/26670 |
| Summary: | Economic activity is rebounding strongly
in Nepal following two challenging years. On the back of one
of the best monsoons in recent years, rice production is
estimated to have reached a record high at 5.2 million tons,
up from 4.2 million tons a year ago, boosting agricultural
output. Postearthquake reconstruction activities are picking
up after a slow start. All eligible houses about half a
million have received the first of three tranches of the
housing grant. The second tranche of the housing grant has
started, and is expected to pick up by the end of FY2017.
More than 100 megawatts (MW) of hydropower capacity, which
was delayed by the earthquakes and trade disruptions, have
come on stream. There has been a revival of transport and
full normalization of wholesale and retail trade. Tourism is
also recovering as arrivals reached precrisis levels during
the September-December 2016 tourist season. |
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