Nepal’s economy is projected to grow 3.99% at basic prices and 4.61% at purchasers’ prices in FY2024/25, missing the government’s 6% target, according to the National Statistics Office. The World Bank revised its growth forecast down to 4.5% for FY2024/25 and 5.2% for FY2025/26, citing infrastructure damage from natural disasters and fragility in the financial sector due to mounting bad loans and failing cooperatives.