Report

Nepal Development Update, September 2016 : Powering Recovery

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collection.link.85
https://openknowledge.worldbank.org/handle/10986/2193
collection.name.85
Economic Updates and Modeling
dc.contributor.author
World Bank
en_US
dc.date.accessioned
2016-10-25T22:22:46Z
en_US
dc.date.available
2016-10-25T22:22:46Z
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dc.date.issued
2016-09
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dc.description.abstract
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.
en_US
dc.identifier.uri
http://hdl.handle.net/10986/25273
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dc.language
English
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dc.language.iso
en_US
en_US
dc.publisher
World Bank, Washington, DC
en_US
dc.rights
CC BY 3.0 IGO
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dc.rights.holder
World Bank
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dc.rights.uri
http://creativecommons.org/licenses/by/3.0/igo/
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dc.subject
economic growth
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dc.subject
economic outlook
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dc.subject
monetary policy
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dc.subject
economic recovery
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dc.subject
inflation
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dc.subject
electricity
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dc.subject
hydropower
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dc.subject
investment climate
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dc.title
Nepal Development Update, September 2016
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dc.title.subtitle
Powering Recovery
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dc.type
Report
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okr.date.disclosure
2016-10-11
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okr.doctype
Economic & Sector Work
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okr.doctype
Economic & Sector Work :: Economic Updates and Modeling
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okr.docurl
http://documents.worldbank.org/curated/en/2016/10/26853939/nepal-development-update-powering-recovery
en_US
okr.googlescholar.linkpresent
yes
okr.identifier.externaldocumentum
090224b084615e0d_1_0
en_US
okr.identifier.internaldocumentum
26853939
en_US
okr.identifier.report
108880
en_US
okr.imported
true
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okr.pdfurl
http://documents.worldbank.org/curated/en/351261476189454615/pdf/108880-WP-add-series-NDU-PUBLIC.pdf
en_US
okr.region.administrative
South Asia
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okr.region.country
Nepal
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okr.topic
Macroeconomics and Economic Growth :: Economic Growth
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okr.topic
Macroeconomics and Economic Growth :: Fiscal & Monetary Policy
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okr.topic
Macroeconomics and Economic Growth :: Economic Forecasting
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okr.topic
Energy :: Electric Power
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okr.topic
Energy :: Hydro Power
en_US
okr.unit
Macro & Fiscal Mgmt - GP (GMFDR)
en_US

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