The Fourth Summit meeting of the Heads of State/Government of Member States of the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) will be held in Kathmandu on August 30 and 31. Nepal has assumed the Chairmanship of BIMSTEC after its Third Summit meeting held in Nay Pyi Taw, Myanmar in March 2014.
The World Bank Group's Board of Executive Directors has approved a fourth Financial Sector Stability Development Policy Credit (DPC4) of $100 million to Nepal to help it continue to deepen its medium-term reform program in the financial sector.
The Bhaktapur Municipality has unveiled the budget of Rs 1.73 billion for the current fiscal year. The budget was endorsed by the third town assembly before this.
The government, UNDP and KOICA on Friday launched a programme to boost Nepali farmers’ income through value chain development of fruit and vegetables.
Prime Minister KP Sharma Oli's China visit is expected to take the country's economic sector to a new height by strengthening mutual relations between the two countries.
The Asian Institute of Diplomacy and International Affairs (AIDIA) hosted a Round Table Meeting on 'Trade and Investment Opportunities in Kazakhstan" in Kathmandu on Thursday. The main objective of the meeting was to discuss and explore new horizons in trading and investing in Kazakhstan, CEO of the organizer Sunil K C said in his opening remarks.
The World Bank (WB) has forecast Nepal's economy to grow at 4.5 percent – half the government projection -- in the next fiscal year. Nepal's economy will grow at the rate of 4.5 percent in the fiscal year 2018-19, and will slow down to 4.2 percent in 2019-20 and 2020-21, the World Bank's 'Global Economic Prospects June 2018,' published on Tuesday read.
Despite recent softening, global economic growth will remain robust at 3.1 percent in 2018 before slowing gradually over the next two years, as advanced-economy growth decelerates and the recovery in major commodity-exporting emerging market and developing economies levels off, the World Bank said on Tuesday.
Globally, countries are losing $160 trillion in wealth because of differences in lifetime earnings between women and men. This amounts to an average of $23,620 for each person in the 141 countries studied by the World Bank Group in a new report released Wednesday.
The Asian Development Bank (ADB) has forecast 5.5 per cent of Gross Domestic Product (GDP) growth in Nepal in the coming fiscal year 2018/19.
The Bharatpur Metropolitan City has announced an increment in the tax rate and tax expansion with a goal to upscale internal income to one billion rupees in the upcoming fiscal year.
A delegation of the Nepal Economic Association (NEA) led by its Officiating President Dr. Bhawani P. Dhungana met with Finance Minister Dr. Yuba Raj Khatiwada and apprised him of the pertinent economic issues and forthcoming plan of activities to be undertaken jointly by NEA and the ministry in a changed socio-economic-political context.
The World Bank on Wednesday signaled strong support for Nepal’s ambitious transition to federalism when its Board of Executive Directors approved a $200 million credit to improve public financial management.
With the completion of local, provincial and federal elections, Nepal has moved into a new political realm of federal structure. While much of the discussion to date has been focused on the political process, Nepal Economic Forum (NEF) along with Adam Smith International and Jindal School of Government and Public Policy held a neftalk about what federalism means from economics perspective.