Kathmandu, April 4 -- Floods and landslides in late September, followed by infrastructure upgrade at Nepal's key international airport, caused a significant dent in the country's economic growth, according to the World Bank report released on Thursday.

The two events may have shaved off nearly 1 percent of the country's GDP.

The Nepal Development Update, produced twice a year, stated that the floods and landslides in September last year caused damage equivalent to 0.8 percent of GDP. The September 26-28 floods were a devastating consequence of unusually intense monsoon rains, exacerbated by climate-related changes.

Overall damage is estimated at Rs46.7 billion, spanning infrastructure, agriculture, and social sectors, underscoring the ...