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Economic Stimulus Helps Micro, Medium and Small Enterprises, Jobless to Weather COVID-19 Crisis in Nepal

The Government of Nepal’s pandemic response plan - the National Relief Program (NRP) - provides medical and health support, social protection for the poor and vulnerable, economic support for affected sectors, and other fiscal and economic measures. The Asian Development Bank is supporting the NRP through, among other aid, a $250 million countercyclical support facility loan ....

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In a pandemic-hit economy, state offers little hope for creating jobs

Kathmandu, May 31 At a time when the Covid-19 pandemic has badly affected the income prospects of the general public and disrupted employment opportunities, the government has cut down its target for jobs creation for the fiscal year 2021-22.The budget for the upcoming fiscal year, presented by Finance Minister Bishnu Prasad Paudel on Saturday, aims to create less than 350,000 new jobs in 2021-22 through its employment-related schemes and. ....

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