AGP Executive Report
Last update: 8 hours agoMonetary Policy Watch: Nepal Rastra Bank says its Standing Deposit Facility (SDF) is working to curb excess liquidity and stabilize the interest-rate corridor floor, after criticism over liquidity management. Budget Debate: Finance Minister Swarnim Wagle defended the FY 2026/27 budget size at Rs 2.124 trillion (about 28.5% of GDP), while experts question the revenue assumptions and fiscal math. Foreign Aid & Infrastructure: Japan (via JICA) added a JPY 5.7 billion loan to the Nagdhunga Tunnel project, now ~99% complete and targeted for public opening in July 2026. Energy Pipeline: The 216 MW UT-1 hydropower project moved into the final pre-generation stage after installing the first of three weir gates, aiming to boost power supply for Kathmandu and beyond. Capital Markets & Startups: NIMB Ace Capital and Momo VC signed an MoU to launch a Nepal-focused USD 30m PE/VC investment fund. Tourism Growth: Nepal welcomed 102,626 foreign visitors in May, up 19% year-on-year, with India the biggest source market. Nepal-India Connectivity: Himalaya Airlines plans direct Kathmandu–Shenzhen flights from June 4, strengthening business and tourism links. Governance & Compliance: Property Inquiry Commission says it has received 1,000+ daily property declarations and opened complaints from senior officials.
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