Category: Finance

Kathmandu: The Government of Nepal and Millennium Challenge Corporation (MCC) under the US Government have announced an additional grant financing of 50 million US dollars (around 7 billion rupees) for the MCC Nepal Compact. With this announcement, the total amount available for Nepal under the Compact has reached 747 million US dollars (around 106 billion… Continue reading MCC Nepal Compact: Additional 50 million USD funding confirmed

Kathmandu: Inflation has decreased significantly compared to last year as the average inflation stood at 1.67 percent in the first quarter of current fiscal year compared to 4.26 percent a year ago. This is stated in a report entitled ‘Current Macroeconomic and Financial Situation of Nepal based on three months data of 2025/26’ published by… Continue reading Inflation down significantly in Q1 compared to same period last year: NRB

Kathmandu: Nepal has received $9.4 million (Rs 1.19 billion) from World Bank’s Forest Carbon Partnership Facility (FCPF) for reducing approximately 1.88 million tons of carbon dioxide under its REDD+ Emission Reductions Program in the Terai Arc Landscape. This is the first payment under the FCPF’s Emission Reductions Payment Agreement (ERPA) — a major milestone in… Continue reading Nepal receives USD 9.4 million from World Bank’s FCPF

Kathmandu: Nepali Embassy in Portugal has urged Nepalis living in Nepal and different countries in the Middle East to avoid fraud in the name of working visa to Portugal. Issuing a press release on Wednesday evening, the Embassy urged all the bodies concerned to adopt precaution in the context when the government of Portugal has… Continue reading Working visa suspended in Portugal: Nepali Embassy requests to avoid fraud

Kathmandu: Nepal’s economic growth is projected to slow sharply to 2.1 percent in FY26 from 4.6 percent in FY25, largely due to the impact of the September 2025 public unrest and ensuing political instability, according to the World Bank’s latest Nepal Development Update released today. The report, titled “Reforms to Accelerate Public Investment,” notes that… Continue reading Nepal’s growth expected to slow in FY26 amid political transition

Kathmandu: Nepal Airlines Corporation (NAC) has terminated the contract of six employees stationed in various domestic stations following the suspension of its domestic flight operations. According to a press statement issued on Tuesday by NAC spokesperson Anil Ghimire, the corporation implemented the decision in line with its policy to reduce staff in areas where operations… Continue reading NAC terminates contract of 6 employees after suspension of domestic flights

Kathmandu: Fourteen Nepali nationals forced to work in illegal online scamming centers in Myanmar have been rescued and brought back to Nepal, the Embassy of Nepal in Bangkok said on Sunday. The group was transported from Myawaddy in Myanmar to Thailand’s Tak Province via the Mae Sot Immigration Office and repatriated to Kathmandu on Nepal… Continue reading 14 Nepalis rescued from forced online scamming operations in Myanmar

Kathmandu: Two hundred and twenty-nine electric jeeps, cars and vans worth Rs 680 million 500 thousand have been imported through the Birgunj checkpoint in the first three months of the current fiscal year 2025/26. Compared to the three months of the previous fiscal year, 2024/25, the import of electric vehicles has surged in the same… Continue reading EV import increases in Nepali market

Kathmandu: For the first time, frozen French fries produced in Nepal have been exported to the United States. First Choice Foods Pvt. Ltd., a company based in Rupandehi, exported two containers (43,520 kilograms) of frozen French fries through the Bhairahawa Customs Office on Tuesday. According to the customs office, the shipment is valued at $38,480… Continue reading Nepal exports locally produced frozen french fries to U.S. for the first time

Kathmandu: Asian Development Bank (ADB), the World Bank Group’s International Development Association (IDA), and the Swiss Agency for Development and Cooperation (SDC) have signed a three-year Memorandum of Understanding (MoU) to support Nepal in strengthening disaster risk management and building climate-resilient infrastructure. Nepal is increasingly vulnerable to climate-related hazards such as floods, landslides, droughts, and… Continue reading ADB, World Bank, and SDC sign three-year pact to strengthen Nepal’s climate resilience