Weekly Summary
The week focused on escalating response to the Bhotekoshi floods, including the launch of a Rescue Request Portal, growing relief financing via the Prime Minister’s Natural Disaster Relief Fund, and continued search-and-rescue updates such as 1,058 bodies recovered and ~4,000 still unaccounted for. In parallel, Nepal moved governance and coordination into parliament with National Assembly passes a resolution for coordinated rescue and relief and House plans for a special resolution on the Bhotekoshi flood, while also facing scrutiny over coordination and information authenticity tied to the Rescue Request Portal. By mid-to-late week, disaster recovery broadened into legal and climate policy threads—such as the CIAA filing a corruption case involving Kumar Acharya and calls to seek climate justice through access to the Loss and Damage Fund—and the politics intensified again as Balendra Shah faced criticism while Rabi Lamichhane led all-party talks.
Forex remained relatively stable over the week: USD/NPR moved within 151.48-152.91 (0.94% net change), starting at NPR 152.91 on Aug 30 and ending at NPR 151.48 on Sep 06; other major pairs traded in narrow ranges (CAD 109.26-110.34, AUD 108.46-110.05, GBP 204.46-207.69, JPY 9.51-9.69). international gold closed near NPR 251,716 per tola; international silver closed near NPR 3,762.
