Opinion | Now comes the hard part
Summary
The Rastriya Swatantra Party has achieved an unprecedented parliamentary majority in Nepal, facing the challenges of a moribund economy, institutional corruption, and geopolitical tensions. The party must resist kleptocratic networks, pursue economic reforms, and navigate great-power rivalry to secure Nepal's future.
Key Points
- The Rastriya Swatantra Party (RSP) secured nearly two-thirds of parliamentary seats, marking an unprecedented victory in Nepal's political history.
- Nepal's economy relies heavily on remittances and import-dependence, with the existing political parties maintaining a system favoring a narrow elite.
- The incoming RSP government faces challenges including reforming economic governance, exiting the FATF grey list, and building institutional credibility to attract investment.
- Nepal's geopolitical position between major powers complicates its national security and economic strategies, requiring energy and food sovereignty and strategic foreign policy.
