Beyond Kathmandu: Impact of the Blockade on Birgunj
Following the protests of Madhes-based parties over different provisions in the new constitution, economic activity in the city of Birgunj was brought to a complete halt with businesses being shutdown for up to 9 hours a day for nearly six months. Post promulgation of the constitution, the strikes manifested itself as border obstructions, severely halting the movement of goods to and from India. Cargo movement was fairly normal prior to promulgation of the constitution, as despite the strikes in the area trucks would be escorted by security forces. However this changed quickly after. Read more
Beyond Kathmandu: Impact of the Blockade on Pokhara
Driving from Kathmandu to Pokhara, the first hints of the impact of the blockade on the lake city can be picked up in the form of the unusually thin traffic along the highway. There is a visible drop in the number of Pokhara-bound private vehicles, microbuses and other tourist buses, while most eateries along the highway look relatively empty. Read more
Black-Market Fuels Currency Crisis
It has now been around four months since the supply shocks crippled the Nepali economy, with acute shortage of fuel and other essentials dealing a major blow to the economy as well as livelihoods of people—both of which were already battered by the April earthquake and subsequent aftershocks. The supply crisis has had an economy-wide impact across a wide range of sectors with agriculture, business, manufacturing and trade, tourism, energy, health, and education adversely affected. Read more
Nepal's Energy Demand: More than Meets the Eye
Nepal is said to have one of the highest hydropower potentials in the world; with a capacity of 83,000 MW of which 42,000 MW is said to be economically feasible. However, apart from the various hydropower projects being developed at present, the country\'s total installed hydroelectricity capacity stands at a far from encouraging figure of around 700 MW. Read more
White Paper: State of the Economy and Impact of the Current Crisis
On November 24, 2015, Finance Minister Bishnu Prasad Paudel released the long-awaited White Paper on the current economic situation and immediate way forward. Read more
Nepal Struggling to Start Reconstruction Drive
Seven months since the April earthquake, reconstruction in Nepal is yet to begin. While political disagreements have stymied the formation of a reconstruction authority with the mandate to fast-track reconstruction efforts, the prolonged unrest in the Tarai and the acute shortage of essentials and fuel have further delayed the process. With the looming uncertainty around reconstruction, donors are becoming increasingly wary of pouring in the support they pledged back in June. Read more