Village road in Nepal. Weak infrastructure, particularly in the energy and transportation sectors, is the largest impediment to sustainable and inclusive growth in Nepal. Photo by: Simone D. McCourtie / World Bank / CC BY-NC-ND
For the past two decades, Nepal has had relatively stable but modest economic growth, averaging at 4 percent since the mid-1990s. Even so, the South Asian country managed to reduce extreme poverty from 53 percent in 2004 to just 25 percent in 2011.