Amid the Pandemic, Nepal Takes Key Step Toward Debt Transparency – World Bank Group

COVID-19 hit Nepal hardand at a particularly inopportune time. Nepals public debt increased by 35.5 percent in FY2019/20 amid mounting expenditures to mitigate COVID-19 and falling tax revenues due to slowdown in economic activities. The government had established the national Public Debt Management Office (PDMO) in 2018. Its new staff, re-assigned to PDMO from other…