Nepal’s economy fails to keep up with political transformation: Experts
Summary
Despite political changes, Nepal's economic transformation lags due to weak institutions, policy instability, and poor reform implementation, warn experts and policymakers.
Key Points
- Nepal's economy has not transformed in line with its political changes due to weak institutions and unstable policies.
- Finance Minister Swornim Wagle highlighted institutional weakness and policy corruption as major challenges.
- Nepal's debt remains manageable, though borrowing has increased rapidly over the past decade.
- State-owned enterprises largely underperform, with calls for privatization or strategic partnerships.
