Nepal | September 30, 2020

Effect of COVID-19 pandemic on development goals

Himalayan News Service
Share Now:

KATHMANDU: A draft report of the study titled ‘Rapid Assessment of Socio-Economic Impact of COVID-19 in Nepal’ says Nepal’s eligibility for graduating from the status of least developed country (LDC) in 2021 firmly rests on non-income criteria that comprise of major ‘stock’ indicators which are cumulative in nature.

“It can still expect to graduate in 2021 and go through a threeyear transition period until 2024,” says the report commissioned by the United Nations Development Programme in Nepal. The preparatory period may be longer than three years during which period LDCs continue to benefit from special support measures.

Nepal can also expect to reach a respectable lower middle-income level by 2030. The attainment of the Sustainable Development Goals (SDGs), however, will now become a greater challenge especially if Nepal’s revenue base and foreign grants shrink, while competition for concessional foreign borrowing stiffens over the next few years, the report has warned.

“Already, Nepal has a glaring financing gap in its annual SDG investment needs.”


A version of this article appears in e-paper on May 17, 2020 of The Himalayan Times.


Follow The Himalayan Times on Twitter and Facebook

Recommended Stories:

More from The Himalayan Times:

Six student leaders arrested for staging protest outside Chinese Embassy in Kathmandu

KATHMANDU, SEPTEMBER 28 Six student leaders of Nepal Student Union, the student wing of major opposition Nepali Congress, were arrested today for staging a protest outside the Chinese Embassy at Baluwatar against the alleged border encroachment by the Chinese side in Humla district. The NSU le Read More...

Woman found dead in Saptari district

A police team has been deployed from Province Police Office, Janakpur, to investigate the case RAJBIRAJ, SEPTEMBER 28 A 50-year-old woman was found dead at Mayanakaderi village, Ward No 2 of Tirhut Rural Municipality, Saptari, yesterday. The body of Dayaman Devi, wife of local Shiv Narayan, w Read More...

TU likely to conduct exams after Dashain, Tihar festivals

KATHMANDU, SEPTEMBER 28 Tribhuvan University has decided to conduct its regular examinations after the upcoming festivals by adding more examination centres and allowing students to take exams from the nearest examination centres. TU is all set to publish the exam routine very soon. The cou Read More...

Dr KC’s supporters move NHRC against CDO, police chief

KATHMANDU, SEPTEMBER 28 Supporters of Dr Govinda KC have filed a complaint with the National Human Right Commission against Kathmandu’s Chief District Officer Janak Raj Dahal and head of Metropolitan Police Range’s SSP Shyam Lal Gyawali. Members of ‘solidarity for Govinda KC’ filed the Read More...

Sanphe-Martadi road obstructed for months

BAJURA, SEPTEMBER 28 Sanphe-Martadi road section has been obstructed for the last three months due to landslides in different places along the road section in Bajura. The road section from Barjugard to Martadi was obstructed due to incessant rainfall following mud slips in many places. The Read More...

Light at the end of the COVID-19 tunnel

KATHMANDU, SEPTEMBER 28 The COVID-19 pandemic has had an adverse effect not only on Nepal but also on the global economy, including the tourism industry. The global tourism industry at present is facing insurmountable losses as the coronavirus is a communicable disease and maintaining social dist Read More...

THT logo

KTM 390 Adventure rolls out in Nepal

KATHMANDU: KTM, the world’s number one and Nepal’s fastest growing premium motorcycle brand, has launched the most awaited KTM 390 Adventure in the country. The bike can be bought at KTM showrooms across the country for the introductory price of Rs 999,000, as per a media release. KTM 390 Advent Read More...

NAC holds discussions to get ground-handling permission at GBIA

KATHMANDU, SEPTEMBER 28 Nepal Airlines Corporation (NAC) is preparing to provide ground-handing services at Gautam Buddha International Airport (GBIA), which is nearing completion. As GBIA has mentioned that it will be ready within the next six months, NAC has proceeded to get the permission to p Read More...