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

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