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Hit by COVID-19 curbs, Nepal s economy contracts for first time in decades

2 Min Read KATHMANDU, March 5 (Reuters) - Nepal’s economy contracted for the first time in four decades in the last fiscal year due to a months-long lockdown to contain the COVID-19 pandemic, officials said on Friday. Nepal, wedged between China and India, ordered a strict lockdown in March last year, completely shutting down virtually all economic activity for nearly four months to curb the spread of the novel coronavirus. Ishwari Prasad Bhandari, a senior official of the government’s Central Bureau of Statistics (CBS) said Nepal’s GDP shrank by 1.99% in the year ending July 15. It grew by 6.75% in the previous year.

Ishwari prasad bhandariGopal sharmaPushpa raj kadelAlasdair palThomson reuters trust principlesNational planning commissionCentral bureau of statisticsPrasad bhandariCentral bureauRaj kadelThomson reuters trustCoronavirus nepalAsia pacificEconomic indicatorsEmerging market countriesEconomic output

Hit by Covid-19 curbs, Nepal s economy contracts for first time in decades

Hit by Covid-19 curbs, Nepal s economy contracts for first time in decades
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Ishwari prasad bhandariPushpa raj kadelNational planning commissionCentral bureau of statisticsCentral bureauஈஸ்வரி பிரசாத் பண்டாரிபுஷ்பா ராஜ் காடெல்தேசிய திட்டமிடல் தரகுமைய பணியகம் ஆஃப் புள்ளிவிவரங்கள்மைய பணியகம்

Stakeholders call for more transboundary cooperation to address disaster risk in the Koshi River basin - Bangladesh

Stakeholders call for more transboundary cooperation to address disaster risk in the Koshi River basin Format Earlier this year, the South Asian floods of 2020 were declared a humanitarian crisis when millions across the subcontinent were impacted. Already reeling from the COVID-19 pandemic, some 9.6 million people in India, Bangladesh, and Nepal were displaced or adversely affected by the monsoon floods. In the transboundary Koshi River basin, spread across China, India, and Nepal, the situation was equally grim this year with a number of landslides and an alert on potential glacial lake outburst risk from China to Nepal. Many of these disasters have major cascading impacts on downstream communities, affecting sustainable development in the basin.

France generalUttar pradeshAditya bastolaKiran rupakheteeKrishnas vatsaPushpa raj kadelPema gyamtshoRijan kayasthaYang yongpingAyshanie medagangoda labeNational disaster management authorityManagement authorityNational disaster risk reductionCommunity based disaster risk managementIndian institute of technologyPatna university