A summary of significant events in Nepal over the past week, focusing on climate impacts, economic trends, and remittance flows.
This week in Nepal, the country faced severe weather challenges, including heavy rainfall that led to devastating floods and mudslides, particularly affecting the Nuwakot District. Rescue operations are currently underway, with the Nepal Army deploying engineers to assist in rescuing workers trapped in the Upper Trishuli Hydropower Tunnel. In response to the flooding, India and China have sent specialist teams to support rescue efforts.
The United Nations reported that nearly 160,000 women and girls have been impacted by the floods, highlighting the humanitarian crisis stemming from the natural disasters.
On the economic front, Nepal’s economy is projected to grow by 3.85% in the fiscal year 2025/26, largely driven by remittance inflows expected to reach Rs 2.36 trillion. This surge in remittances is seen as a crucial factor in supporting the economy, despite the paradox of high foreign reserves amid sluggish growth. Recent analyses emphasize the importance of remittances as the backbone of Nepal’s economy, while also noting the associated risks.
Overall, the combination of environmental challenges and economic developments underscores the complex landscape Nepal faces as it navigates recovery and growth.
Articles covered:
- Nepal’s Glacier Collapse Highlights Regional Himalayan Risks from Climate Change and Upstream Activity
- India and China Deploy Specialist Teams to Support Nepal Flood Rescue Operations
- Very Heavy Rain Forecast in Karnali and Sudurpashchim Hills of Nepal
- Devastating Floods and Mudslides Ravage Nepal’s Nuwakot District: Rescue and Relief Underway
- Nepal Army Engineers Prepare Blasting Operations to Rescue Workers Trapped in Upper Trishuli Hydropower Tunnel
- Nearly 160,000 Women and Girls Impacted by Nepal Floods, UN Women Reports
- Weekly Summary: Economic Developments in Nepal
- Weekly Summary: Economic Developments in Nepal
- Weekly Summary: Economic Developments in Nepal
- Weekly Summary: Economic Developments in Nepal
- Weekly Summary: Economic Developments in Nepal
- Nepal Faces Economic Paradox: High Foreign Reserves Amidst Sluggish Growth
- Nepal’s Economy Projects 3.85% Growth Fueled by Rs 2.36 Trillion in Remittances in FY 2025/26
- Nepal Forecasts Remittance Inflows to Reach Rs 2.36 Trillion in Fiscal Year 2025/26
- Historic Surge in Remittance Inflows Bolsters Nepal’s Economy
- Remittances: The Economic Backbone of Nepal and Its Associated Risks
