Nepali economy has experienced a liquidity crunch since the beginning of the current financial year. Even with repeated policy measures undertaken by the Nepal Rastra Bank (NRB) to ease the liquidity pressure, the economy continues to feel the prolonged crunch.
The government declared that Nepali Currency will be fully convertible to Indian Currency at INR 100 for NPR 160, and the pegged system was introduced which has been carried till date.
Foreign direct investment is especially important now for an import dependent Nepal with a widening trade deficit, and declining foreign reserves. Creating a facilitating environment for FDI is important to promote and encourage production within the country..
This report contains the updated demographic data of Nepal which can be used by the federal, state, and local governments to access important information. It’s a preliminary report that presents Nepal’s population data and its trends. The detailed final report is still awaited.
The Economic Activities Report 2020/21, a recently published report by the Nepal Rastra Bank (NRB) on the current situations of the different economic sectors and activities shows that the primary, secondary and tertiary economic sectors of the country are in a recovery stage.
Legatum Prosperity Index (LPI), 2021 is an annual report that measures global prosperity under three domains – Inclusive Societies; Open Economies; and, Empowered People. Nepal has ranked 114th out of 167 countries in the LPI 2021.