Economic Impact of COVID-19 in Nepal: A Question of Bad or Worst

Koirala, Jyoti; Acharya, Suman

doi:10.2139/ssrn.3580840

Cited by 6 publications

(9 citation statements)

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“…Water shortage in deprived areas does not allow for frequent hand washing or excessive water consumption in middle class families during home quarantine is threatening the water supply in dry areas [24]. 16,19 A drastic increase of domestic violence was observed during the confinement-to-home period, mainly against women [4,25] and children [2,16]. In Mexico this type of violence increased by 27% within 3 months [25].…”

Section: Vulnerable Groups An Overviewmentioning

confidence: 99%

“…19 Nepal suffered from the crash of the tourist industry and, just as the other countries, from the reduction of import, export, employment and increased inflation including increased in food prices. 19,23,24 v) Impact on social cohesion A common observation in our study countries was, that the pandemic is unveiling social and economic inequalities. Examples are: Covid-19 "could set women back decades in gender equality"…”

Section: Vulnerable Groups An Overviewmentioning

confidence: 99%

“…viii) Impact on peoples` instinct: Corruption and exploitation Misuse of public resources when responding to the negative impact of containment were reported from several places. To these belonged overpricing of food packages, cleaning kits, or medical equipment and mismanagement of funds and excessive prices for medical care in private hospitals [17][18][19][20][21]57]. In Colombia contracts were wasted even in the Army.…”

Section: Vii) Impact On Peoples` Creativity (Survival Strategies)mentioning

confidence: 99%

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The Covid-19 pandemic in low- and middle-income countries, who carries the burden? Review of mass media and publications from six countries

Chackalackal

Al-Aghbari

Jang

et al. 2021

Pathogens and Global Health

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Rich countries used In the Covid-19 pandemic lockdown and physical distancing policies for transmission control. However, are these measures also suitable in countries with a fragile economy resting mainly on the informal sector? The impact of lockdown measures in disadvantaged population strata in six Low-and Middle-Income Countries (LMICs) was reviewed using i) systematic review of 17 published papers and ii) review of 90 media reports. Those who most suffered from the lockdown were migrants, workers in the informal sector (which is huge), small businesses, slum dwellers, women and elderly revealing the social, cultural and economic inequalities of societies.Financial and food support for the poor was inadequate and sometimes mismanaged. In the better organized societies, the resilience was stronger (South Korea, Kerala/India) but also here the poor had to suffer most. It is strongly recommended that outbreak response strategies should particularly focus on the poor and vulnerable population.

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Section: Vulnerable Groups An Overviewmentioning

confidence: 99%

Section: Vulnerable Groups An Overviewmentioning

confidence: 99%

Section: Vii) Impact On Peoples` Creativity (Survival Strategies)mentioning

confidence: 99%

See 1 more Smart Citation

The Covid-19 pandemic in low- and middle-income countries, who carries the burden? Review of mass media and publications from six countries

Chackalackal

Al-Aghbari

Jang

et al. 2021

Pathogens and Global Health

View full text Add to dashboard Cite

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“…After Covid-19, Nepal's remittance inflow is expected to fall by as much as 29 percent in 2020 (Koirala & Acharya 2020) due to the impact of Covid-19 on International Migration, Recipient Households and Remittances. According to World Bank (2016), an estimated $2.32 billion inflows in Nepal could decline which allows the worst situation to fulfill the gap of sources to active and balance the economy as well as economic activities and living standards of workers' households.…”

Section: Influences Of Covid-19 On National Economymentioning

confidence: 99%

The Effect of Covid-19 on Remittance Economy of Nepal

Kafle¹

2021

Res. Nep. Jnl. Dev. Stud.

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Remittance in Nepal before the Covid-19 outbreak was the largest source of microeconomic stability since it has contributed 26 percent of the total Gross Domestic Product. Indeed, it is a principal income of the workers’ household since 55.8 percent of the Nepalese households have been receiving it. As expected, the potential inflow of remittance after Covid-19 decreased massively and it has an unprecedented adverse effect on the overall Nepalese economy, downsizing from national-level income to everyday living patterns of rural Nepal. The paper aims to analyses the present economic condition based on qualitative review. It is a qualitative review of the literature presented in reference. This study has scrutinized the primary level effects of Covid-19 in the remittance economy and figured out its chain of effects on key socioeconomic elements. Moreover, this study has revealed the role of remittance in Nepal and its primary level potential effects from the national level to the socio-economic life of rural Nepal. The reports published from Nepal Rastra Bank, Ministry of Finance, other authoritative agencies, and previous research works have been appraised.

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“…The country's economy is highly dependent on the remittance received from Nepalese foreign employment and national tourism, both of which are highly affected by COVID-19 and in total 8 to 10 percent of GDP is expected to be affected. 31 This has resulted in a fear of long-term economic hardship to the Nepalese citizens. The lockdown has resulted in job losses and business failures which has impacted every Nepalese citizen but mostly to those families who rely on a daily income for livelihood.…”

Section: Factors Contributing To Mental Distressmentioning

confidence: 99%

Mental Health Concern during COVID-19 Pandemic in Nepal

Chalise

Paudel

2020

Europasian J Med Sci.

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The whole world struggles to combat COVID-19 pandemic forcing nations to take extreme measures in an attempt to prevent outbreaks and save lives. It has been noted that COVID-19 has established itself as a risk factor for psychological distress among the population of different subgroups. There are several factors such as uncertainties, controversies, misinformation, social isolation, stigma, and discrimination which are escalating the risk of massive mental distress among the public. Nepal is trying to increase its effort to combat COVID-19 by adopting community containment measures, but the mental health of the frontline health workforce, service providers, and the general public seems to be highly overshadowed. In this aspect, this paper aims to shed light on different aspects of mental health issues emerging in Nepal during the time of COVID-19 lockdown, along with some of its potential contributing factors. Nepal lacks adequate infrastructure and human resource to provide mental healthcare services effectively in case of any massive mental distress. In this state of resource deprivation, providing education and training regarding psychosocial issues to health system leaders, first responders, and health care professionals could be a key to address the population need at present and to prevent further complications.

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Economic Impact of COVID-19 in Nepal: A Question of Bad or Worst

Cited by 6 publications

References 0 publications

The Covid-19 pandemic in low- and middle-income countries, who carries the burden? Review of mass media and publications from six countries

The Covid-19 pandemic in low- and middle-income countries, who carries the burden? Review of mass media and publications from six countries

The Effect of Covid-19 on Remittance Economy of Nepal

Mental Health Concern during COVID-19 Pandemic in Nepal

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