Monday, November 27, 2006

International Development. Poverty rate low in Kathmandu

According to the 2005 South Asian Association for Regional Cooperation (SAARC) regional poverty profile, published on Friday, Nepal's Capital city, Kathmandu has a poverty rate of only 3.3 per cent.

The report said that one of the reasons for Kathmandu has low level of poverty is that "Kathmandu is a seat of the government, a rich area supported by tax payers' money, fertile land, industry, trade, tourism and hub of services sector."

With less than 5 percent of the total population, it receives a large slice of the national budget, the report adds.