The Nepal Development Update for October 2023 focuses on restoring export competitiveness. The report emphasizes the importance of improving infrastructure, increasing productivity, and reducing trade barriers to enhance Nepal's export potential. It highlights the need for investment in transportation, energy, and communication networks to facilitate trade and attract foreign investment. The report also suggests the adoption of trade policies that promote exports and protect domestic industries. The World Bank supports Nepal's efforts to boost exports and improve its competitiveness in the global market.
