The continuing Coronavirus pandemic could drive almost one-third of Nepal’s population below the poverty line due to the loss of livelihoods following the COVID-19 health crisis, the World Bank said in a report. The Nepal Development Update, a biannual study released on Thursday by the global lender, said that an […]
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Nepal ranges to ‘lower-middle class’ income group: World Bank
Economists claim that Nepal could relapse to the status of ‘low-income’ as incomes evaporate and employment due to the pandemic. Nepal has risen the ranking from a ‘low-income’ country to a ‘low-middle-income’ country, the World Bank said by income level report in its latest country classifications. The gross national income […]