IMF says, with tensions still high and no immediate resolution in sight, policymakers, businesses and households must prepare for a more challenging economic environment.
In its policy brief released on Monday, the UNDP described the conflict as “development in reverse”, cautioning that even a fragile ceasefire may not prevent long-lasting economic damage.
Remittances already account for nearly 67 per cent of Nepal’s total foreign currency earnings. Tourism and exports from the Gulf add smaller but important flows. Last fiscal year, 20,504 tourists from Gulf countries visited Nepal, representing 1.8 per cent of total arrivals.
As Afghanistan grapples with this latest natural disaster, the episode underscores the urgent need for both immediate humanitarian support and longer-term adaptation strategies.
ILO’s Nepal country director Numan Özcan says that with evidence-based planning, increased investment, and inclusive social dialogue, the country can turn a potential setback into a catalyst for sustainable, job-rich development.
Despite the escalating emergency, the Taliban administration has continually sought to project an image of economic stability. Yet, the stark realities on the ground – shuttered trade routes, skyrocketing grocery bills, and overcrowded malnutrition clinics – tell a vastly different story.
As South Asia grapples with climate vulnerabilities, economic disparities, and historical animosities, initiatives like COVA’s video competition offer a beacon of hope.
As South Asia grapples with climate vulnerabilities, economic disparities, and historical animosities, initiatives like COVA’s video competition offer a beacon of hope.