AGP Executive Report
Last update: 12 hours agoClimate Finance: Nepal is pressing for more grant-based support at COP31, saying climate funding should help prepare for disasters, not just pay for recovery. Of US$5.71 billion received from multilateral sources between 2011 and 2021, 61% was loans. Credit Outlook: Fitch affirmed Nepal’s BB- rating for a third year, citing strong reserves, remittances and low debt, but warned that floods, external shocks and an underdeveloped economy weigh on the outlook. Green Industry: Nepal is seeking investors for a green-hydrogen fertiliser plant, offering land, concessional power and tax breaks as it targets domestic production within five years. Business Expansion: Auntie Anne’s will open its first Nepal outlet in Bouddha on November 21, with more locations planned. Regional Economy: Bagmati accounts for 36.7% of Nepal’s economy, while Karnali contributes 4.2%, highlighting the concentration of investment and industry around the capital. Airport Finances: Tribhuvan International Airport says 42 entities owe more than Rs1.55 billion, led by the customs office, Himalaya Airlines and Oriental Hotels.
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