KATHMANDU: The International Monetary Fund (IMF) has projected Nepal’s economy to grow by 2.9 percent in the current fiscal year.
Releasing its World Economic Outlook (WEO) on Tuesday, the IMF revised its previous growth forecast for Nepal of 2.5 percent.
Similarly, IMF has projected Nepal’s economy to grow by 4.2 percent in the next fiscal year, and the growth is expected to reach 5.2 percent in the Fiscal Year 2025-26.
Nepal’s economy had grown by an average of 7.75 percent per year in the three-year period before the pandemic.