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Nepal has used a series of five-year plans in an attempt to make progress in economic development. It completed its ninth economic development plan in 2002; its currency has been made convertible, and 17 state enterprises have been privatised.
The World Bank Group (WBG) fielded its first economic mission to Nepal in 1963 to assess the country’s development prospects and challenges. It approved its first credit in 1969 for a telecommunications project.
This report is based on the findings of the first Bank/IDA economic mission sent to Nepal in November 1963. As of this report, Nepal is still at a very early stage of .
The Economic Survey 2020/21 is published incorporating macro-economic indicators, status of revenue mobilization, expenditure management and major socio-economic indicators as of mid-March of fiscal year 2020/21.
Nepal's GDP is expected at 1.9% in 2023 and 4.3% in 2024 – ADO September 2023. Nepal's inflation rates forecasted at 7.7% in 2023 and 6.2% in 2024 – ADO September 2023. Figures are based on the latest edition of ADB's Asian Development Outlook, which analyzes economic and development issues in developing countries in Asia and the Pacific.
The Nepalese economy is bank based economy because banks are the dominant section in the financial system and commercial banks alone occupies around 70 percent of the total assets of the Nepalese financial system (e.g., 71.9% in 2005, 76.5% in 2010, 80.3% in 2015).
the official Site of the Central Bank of Nepal. Dr. Dilli Ram Pokhrel; Office-Tel: +977-01-5719603 (Ext. 141) Mob: +977-9841726075
