World Bank predicts Nepal's economy to grow 5.1% in 2024-25 fiscal year, driven by tourism, hydropower, and paddy production.

The World Bank projects Nepal's economy will grow by 5.1% in the 2024-25 fiscal year, below the government's 6% target. This growth will be fueled by rising tourism, increased hydropower output, and higher paddy production. The previous year's growth was 3.9%. The World Bank stresses the importance of continued reforms in infrastructure and governance to sustain this growth momentum, while the IMF also notes signs of recovery in Nepal's economy.