Nepal economy maintains 3.4pc growth in last 5 years
Monday, 10 September 2007
KATHMANDU, Sept 9 (Xinhua): The tenth five-year plan of Nepal ending in mid-July witnessed annual economic growth at 3.4 per cent, according to local newspaper The Rising Nepal today.
A report issued by Nepal Rastra Bank, the central bank, said the tenth five-year plan failed in terms of attaining the set economic growth.
The report released Friday said that average economic growth rat remained at 3.4 per cent during the plan period, contrary to the plan's target of 6.2 per cent.
The central bank has attributed this to the escalation of conflict, sharp deterioration of security situation, lower growth of private sector investment, hindrance in supply of goods due to the strikes, a low level of capital expenditure and weather condition for the pessimistic economic growth rate.
A report issued by Nepal Rastra Bank, the central bank, said the tenth five-year plan failed in terms of attaining the set economic growth.
The report released Friday said that average economic growth rat remained at 3.4 per cent during the plan period, contrary to the plan's target of 6.2 per cent.
The central bank has attributed this to the escalation of conflict, sharp deterioration of security situation, lower growth of private sector investment, hindrance in supply of goods due to the strikes, a low level of capital expenditure and weather condition for the pessimistic economic growth rate.