The catastrophic April earthquake has added a new challenge to Nepal’s short-to-medium term economic and development prospects, currently threatened by political tension over the new constitution.
A former consultant for the Government of Nepal, GIZ, UNDP and FAO, Chandan previously worked as a researcher at South Asia Watch on Trade, Economics and Environment in Kathmandu and was a junior fellow at the Carnegie Endowment for International Peace in Washington, DC. He authored numerous papers and reports on macroeconomic issues in Nepal and other developing countries.
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The total pledged amount exceeds the public sector recovery needs in the medium term, but a much higher sum will be required the long term to build back better with earthquake-resilient public infrastructure.
Two months after the catastrophic 7.8 magnitude earthquake that struck Nepal on 25 April, the government and development partners including ADB are now publishing the definitive report on the tremor’s impact.
What effects will the recent earthquake in Nepal have over the agriculture, industry, and services sectors? Here’s an update on our initial economic assessment from three weeks ago.
Inflation is expected to rise significantly after the recent earthquake in Nepal, which will also have an impact on the country’s external sector balance and fiscal balance. Check out our updated analysis.
Immediately after the devastating 25 April earthquake in Nepal, ADB made an initial assessment of how the catastrophe would affect the country’s economic growth. Here’s an update on the background, needs, and priorities following last week’s strong aftershock.
The 7.8 magnitude earthquake that rocked Nepal on 25 April has imposed a huge human and economic toll on the country. Estimating the exact economic cost will be an ongoing process, but these are our initial thoughts.
Public capital spending has been persistently weak in Nepal, and raising the amount and quality of capital expenditure required to close the infrastructure deficit is one of the country’s most pressing challenges.