The World Bank projects Nepal’s economic growth will slow to 3.7 percent this fiscal year due to the devastating August flood that caused an estimated $2.7 billion in damages. The disaster significantly disrupted key sectors like energy, tourism, and trade, prompting calls for resilient infrastructure reconstruction to mitigate future climate-related risks.
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The World Bank projects Nepal’s economic growth will slow to 3.7 percent this fiscal year due to the devastating August flood that caused an estimated $2.7 billion in damages. The disaster significantly disrupted key sectors like energy, tourism, and trade, prompting calls for resilient infrastructure reconstruction to mitigate future climate-related risks.
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