This week's reports highlight significant challenges and economic trends in Nepal, including natural disasters and remittance impacts.
In the past week, Nepal faced severe weather conditions leading 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. The floods have notably impacted nearly 160,000 women and girls, as reported by UN Women. In response to the crisis, India and China have sent specialist teams to support rescue efforts.
On the economic front, Nepal’s economy is projected to grow by 3.85% in the fiscal year 2025/26, driven by an anticipated Rs 2.36 trillion in remittances. This surge in remittance inflows is seen as a crucial factor in bolstering the economy, despite the country facing an economic paradox of high foreign reserves coupled with sluggish growth. Recent analyses emphasize the importance of remittances as the backbone of Nepal’s economy, while also highlighting associated risks that need to be managed effectively.
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