Update from Nepal
The Nepal Tenant Union was established in 2006 and has been fighting for the rights of tenants in the country ever since.
The economic crisis in Nepal, coupled with the COVID 19 pandemic, have taken their toll on renters as well as the broader population. Almost 15% of families in the country are homeless, while 46.5% of businesses and 61.5% of Nepal’s industries have shut down. Related to this, the overall demand for services provided by the hotel, restaurant and transportation sectors have decreased, causing a direct shock to the tourism sector and the investment and employment of millions of workers.
High bank interest rates and rising costs for rents and basic foods are also exacerbating an already tough situation. As is the high unemployment rate, which is driving the country’s youth to seek jobs abroad. As a result, nearly 3,000 young people leave the country every day, while the suicide rate in Nepal has increased by 72% in the last decade.
Read more from the Chair of the Association here:https://www.iut.nu/country/nepal/