The coronavirus pandemic has disrupted economic activities across the global countries, including Nepal.<\/p>\n
Even though the coronavirus cases in the country are low, Nepal has witnessed severe socioeconomic implications due to the pandemic.<\/p>\n
The nationwide lockdown has halted almost all economic activities including mining, restaurants, tourism, Everest expedition, and sports events, among others leading to huge financial loss.<\/p>\n
According to the Nepal Rastra Bank (NRB), Nepal has NPR 168 billion du e to the coronavirus pandemic in two months.<\/p>\n
Meanwhile, the foreign remittance worth NPR 627 entered Nepal by April 12 in the current FY, down by 4% from last FY.<\/p>\n
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According to the NRB, the remittance will further go down by 10% in the coming FY.<\/p>\n
The foreign remittance has decreased drastically after the Nepali migrant workers in various countries have suffered a financial crisis due to the pandemic.<\/p>\n
Meanwhile, the inflation rate has increased by 2.3% by April 12 in the current FY.<\/p>\n
In contrast, foreign investment has increased despite the ongoing coronavirus crisis in the country.<\/p>\n
According to the NRB, the Foreign Direct Investment (FDI) worth NPR 16.48 billion has entered Nepal in a period of nine months of the current FY.<\/p>\n
So far, Nepal has reported 402 coronavirus positive cases<\/a> and two death cases. However, 36 patients were discharged after a successful recovery.<\/p>\n More News:<\/p>\n The coronavirus pandemic has disrupted economic activities across the global countries, including Nepal. Even though the…<\/span><\/p>\n
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