Development paradox

Nepal reduced poverty with open economy and trade but lagged in maintaining growth.

The International Day for the Eradication of Poverty was observed on October 17th in Nepal and all over the world amidst reversing decades of progress in the fight against extreme poverty due to the global pandemic. According to the World Bank, the recent crisis will push around 71 to 100 million people into poverty. That means the increased number of poor, mainly from South Asia and Sub-Saharan Africa, will add to 1.3 billion people already living under abject and persistent poverty or $1.90 a day.