Nepal Development Update, September 2016 : Powering Recovery

After registering the weakest growth in 14 years during FY2016, economic activity is recovering in Nepal. Agriculture and construction are expected to improve on the account of a good monsoon as well as increased disbursements of housing reconstruc...

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Main Author:	World Bank
Format:	Report
Language:	English en_US
Published:	World Bank, Washington, DC 2016
Subjects:	economic growth economic outlook monetary policy economic recovery inflation electricity hydropower investment climate
Online Access:	http://documents.worldbank.org/curated/en/2016/10/26853939/nepal-development-update-powering-recovery http://hdl.handle.net/10986/25273

id	okr-10986-25273
recordtype	oai_dc
spelling	okr-10986-252732021-05-25T09:53:32Z Nepal Development Update, September 2016 : Powering Recovery World Bank economic growth economic outlook monetary policy economic recovery inflation electricity hydropower investment climate After registering the weakest growth in 14 years during FY2016, economic activity is recovering in Nepal. Agriculture and construction are expected to improve on the account of a good monsoon as well as increased disbursements of housing reconstruction grants. Coupled with in-creased government spending, this is expected to push FY2017 growth to 5 percent and to remain in line with potential thereafter. This edition of the Nepal Development Update examines the key economic developments in Nepal over the preceding months, placing them in a longer term and global perspective. In the Special Focus section, the authors take a closer look at what it would take for the electricity sector to power Nepal’s recovery. Over the past decade, power outages in Nepal have increased substantially. Availability of reliable and affordable electricity has become a major constraint for Nepal’s development as it hampers the ability to improve living standards, raise agricultural productivity and income, and help youth transition from farming to non-farm employment through creation of new industries at home. Given Nepal’s natural endowments, it is not difficult to envision an electricity sector that can support green growth, poverty reduction, and shared prosperity. Such an electricity sector would not only meet domestic demand reliably, affordably, and cleanly, but would earn revenue from export of surplus hydropower through enhanced regional electricity markets to neighboring countries by integrating the wider South Asia power market. Wholesale structural reforms of the electricity sector are needed to achieve this. 2016-10-25T22:22:46Z 2016-10-25T22:22:46Z 2016-09 Report http://documents.worldbank.org/curated/en/2016/10/26853939/nepal-development-update-powering-recovery http://hdl.handle.net/10986/25273 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Economic & Sector Work Economic & Sector Work :: Economic Updates and Modeling South Asia Nepal
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English en_US
topic	economic growth economic outlook monetary policy economic recovery inflation electricity hydropower investment climate
spellingShingle	economic growth economic outlook monetary policy economic recovery inflation electricity hydropower investment climate World Bank Nepal Development Update, September 2016 : Powering Recovery
geographic_facet	South Asia Nepal
description	After registering the weakest growth in 14 years during FY2016, economic activity is recovering in Nepal. Agriculture and construction are expected to improve on the account of a good monsoon as well as increased disbursements of housing reconstruction grants. Coupled with in-creased government spending, this is expected to push FY2017 growth to 5 percent and to remain in line with potential thereafter. This edition of the Nepal Development Update examines the key economic developments in Nepal over the preceding months, placing them in a longer term and global perspective. In the Special Focus section, the authors take a closer look at what it would take for the electricity sector to power Nepal’s recovery. Over the past decade, power outages in Nepal have increased substantially. Availability of reliable and affordable electricity has become a major constraint for Nepal’s development as it hampers the ability to improve living standards, raise agricultural productivity and income, and help youth transition from farming to non-farm employment through creation of new industries at home. Given Nepal’s natural endowments, it is not difficult to envision an electricity sector that can support green growth, poverty reduction, and shared prosperity. Such an electricity sector would not only meet domestic demand reliably, affordably, and cleanly, but would earn revenue from export of surplus hydropower through enhanced regional electricity markets to neighboring countries by integrating the wider South Asia power market. Wholesale structural reforms of the electricity sector are needed to achieve this.
format	Report
author	World Bank
author_facet	World Bank
author_sort	World Bank
title	Nepal Development Update, September 2016 : Powering Recovery
title_short	Nepal Development Update, September 2016 : Powering Recovery
title_full	Nepal Development Update, September 2016 : Powering Recovery
title_fullStr	Nepal Development Update, September 2016 : Powering Recovery
title_full_unstemmed	Nepal Development Update, September 2016 : Powering Recovery
title_sort	nepal development update, september 2016 : powering recovery
publisher	World Bank, Washington, DC
publishDate	2016
url	http://documents.worldbank.org/curated/en/2016/10/26853939/nepal-development-update-powering-recovery http://hdl.handle.net/10986/25273
_version_	1764458840616599552

Nepal Development Update, September 2016 : Powering Recovery

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