<figure><img src="https://superdesk-pro-c.s3.amazonaws.com/sd-nepalitimes/2022110811118/636a2ac69c7e80680e045936jpeg.jpg" alt="" width="640" height="472"/><figcaption>Boris and Inger Lisanevitch at Kathmandu Airport in 1962.</figcaption></figure>The early foreign investors in Nepal may have been an eccentric and colourful bunch, but they did understand international tourism. As guests in this country, they realised that nurturing Nepali people, their culture and natural environment was both good for them and for their business. They left a legacy that still resonates in a very different tourism world today.<a href="https://archive.nepalitimes.com/regular-columns/So-far-so-good/join-us-on-land-boris,869">Boris Lisanevitch</a> converted a royal palace into a heritage hotel and introduced fancy foreign food and liquor. <a href="https://archive.nepalitimes.com/article/Nepali-Times-Buzz/Jim-Danisch-and-Barbara-Adams%20-passed-away-this-month,3007">Barbara Adams</a> promoted world heritage sites and princely visits. <a href="https://www.nepalitimes.com/opinion/hiking-with-jimmy/">Col Jimmy Roberts</a> (pictured below, right) invented trekking and supported mountaineering to employ Sherpas and share the mountains that he loved. John Coapman, <a href="http://archive.nepalitimes.com/news.php?id=15828#.XJRbyMkza71">Jim Edwards</a> and <a href="http://archive.nepalitimes.com/article/Nepali-Times-Buzz/Charles-McDougal-passes-away-at-86,3034">Chuck McDougal</a> brought global attention to Chitwan’s wildlife with the creation of <a href="https://archive.nepalitimes.com/regular-columns/So-far-so-good/fire-in-the-afternoon-tiger-tops,846">Tiger Tops Jungle Lodge</a>.<img src="https://superdesk-pro-c.s3.amazonaws.com/sd-nepalitimes/2022110811118/636a2ac89c7e80680e045937jpeg.jpg" alt="" width="211" height="182">Conveniently coinciding with their personal business interests, these resourceful pioneers knew a thing or two about what was needed to attract high paying visitors to adventure amidst Nepal’s natural and cultural wonders.In those days it was not so easy, but with imagination and resolve the rich and famous were lured to the remote and mysterious Hindu kingdom, and tourist dollars started seeping into the economy. Boris’ eclectic guests included Queen Sophia of Spain, Agatha Christie, Ingmar Bergman and Jean Paul Belmondo, and ordinary tourists followed. Air travel was ponderous, roads were scarce and communications were basic -– we relied on telex, telegrams and an unreliable crackly telephone line for reservations when I first arrived in 1974.Despite all that, Nepal became a fashionable, sought after spot for American and European vacationers. Often staying weeks and returning annually, most of our Mountain Travel trekkers headed to the hills for seldom less than 14 days and often for a month at a time. Tiger Tops did not accept guests for less than three nights, and the price of $300 per person (yes, US$600 per room) included all meals and jungle activities, but not drinks from the bar. It must have been one of the higher room rates in 1970s Asia, especially as we lay deep in the forest constructed of local wood, bamboo and thatch.<img src="https://superdesk-pro-c.s3.amazonaws.com/sd-nepalitimes/2022110811118/636a2ac99c7e80680e045938jpeg.jpg" alt="" width="523" height="740">Solar electricity came later, but the naturalist-guided Chitwan excursions with elephants, rhinos and tigers was considered a ‘must do’ component of South Asian tourism.Our mainstream business at the lodge in Chitwan was around-the-world US groups, mostly blue-rinse ladies spending their husband’s inheritance accompanied by competent, world-weary tour guides. In my guest relations role, I grew used to answering the same questions nightly but, if I was lucky, all the tables were filled and I got to eat on the bench by the elephant tusk bar with Chuck and the Nepali naturalists.<img src="https://superdesk-pro-c.s3.amazonaws.com/sd-nepalitimes/2022110811118/636a2acb9c7e80680e045939png.png" alt="" width="733" height="732"><a href="http://archive.nepalitimes.com/blogs/thebrief/2012/11/07/han-suyin-took-nepal-to-the-world/">Celebrities</a> and superstars were regular visitors, enjoying their privacy in the undisturbed mountains and jungles of Nepal, and enthusiastic media coverage further established Nepal as the adventure of choice. Actors, writers, mountaineers, politicians and royalty flocked to sample Nepal’s unique diversity and sublime scenery.<figure><img src="https://superdesk-pro-c.s3.amazonaws.com/sd-nepalitimes/2022110811118/636a2acd9c7e80680e04593ajpeg.jpg" alt="" width="768" height="948"><figcaption> </figcaption></figure>At the other end of the spectrum, the era’s <a href="http://archive.nepalitimes.com/regular-columns/So-far-so-good/the-hippie-era-in-kathmandu,837">flower-power hippies</a> gravitated to Freak Street and Phewa Tal seeking spiritual enlightenment in clouds of legally available ganja whilst haggling over the price of omelettes and apple pie. Forerunners of today’s budget backpackers, hippies played a significant role in publicising Nepal’s tourism image, until their visas evaporated prior to King Birendra’s coronation in 1975.A healthy holiday destination delivers to a variety of different types of tourists, from the cheap world-travellers willing to rough it, to high paying clients cossetted in luxury, with domestic visitors an important part of the mix. Since the insurgency knocked international tourism down to half its normal volume, Nepal has struggled to regain its reputation as a quality destination, or to develop new ‘authentic experiential’ hip trips to appeal to high spenders and trendy millenials.Tourism recovery since the 2015 earthquakes has been impressive in term of numbers, but our 1.2 million arrivals last year are mainly from cost-conscious neighbours and regional visitors who prefer the same parts of the country as were popular when I first arrived: Kathmandu, Pokhara, Chitwan, Lumbini, Annapurna and Sagarmatha.<figure><img src="https://superdesk-pro-c.s3.amazonaws.com/sd-nepalitimes/2022110811118/636a2acf9c7e80680e04593bjpeg.jpg" alt="" width="1499" height="1049"><figcaption> </figcaption></figure>The innate hospitality of the Himalayan people of Nepal is well suited to looking after guests, but uncontrolled tourism will become resented by locals who already complain that hordes of budget travellers and pilgrims leave little but trash.<a href="https://www.welcomenepal.com/">Visit Nepal Year 2020</a> is looming and the emphasis is on the number of arrivals rather than their ability to contribute cash. We have more and more tourists coming every year, but spending less and less during their stay. To redress this balance, we need to lure back the <a href="https://archive.nepalitimes.com/article/nation/Tiger-tops-and-high-value-tourism,1087">high value</a> markets by improving the array and quality of services, and developing some persuasive experiences branching out beyond the same old circuits.The <a href="https://investmentsummitnepal.com/">Nepal Investment Summit</a> is an opportunity to inspire courageous and innovative investors from both home and abroad, reassuring potential promoters that Nepal’s rich resources are ripe for responsible tourism development and that the country’s investment climate is conducive.Perhaps we should allow the original investors to have the last word. “After a few hours I fell madly in love with this country,” Boris declared in a 1961 interview.“I’d rather handle half as many tourists with each spending twice as much,” was Jim Edwards’ mantra. And Jimmy Roberts used to rue: “Why are we selling our beautiful mountains so cheap?”

Lisa Choegyal

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Early investors didn’t sell Nepal short

<figure><img src="https://superdesk-pro-c.s3.amazonaws.com/sd-nepalitimes/2022110811118/636a2a939c7e80680e045924jpeg.jpg" alt="" width="1400" height="316"/><figcaption>Photo: ALTON BYERS</figcaption></figure>In a normal winter, northern India and Nepal get 3-4 westerly disturbances. This year there were 12 frontal systems dumping snow and rain across the country.Kathmandu Valley and surrounding mountains had snowfall <a href="https://www.nepalitimes.com/opinion/turning-on-the-heat/" target="_blank" rel="noopener">twice within a month</a> and received 90mm of rain on the night of 26 February alone -- the heaviest ever recorded, and almost five times higher than the monthly average. Rains in other parts of the country were three times higher than the winter average. Earlier lighter snowfalls in Kathmandu were in 1946 and 2007.Read also: <a href="https://www.nepalitimes.com/opinion/how-nepal-can-invest-in-improving-the-investment-climate/" target="_blank" rel="noopener">How Nepal can invest in improving the investment climate</a>, Anil Chitrakar<a style="background-color: #ffffff; font-size: 15px; letter-spacing: 0.01em;" href="https://www.nepalitimes.com/opinion/nepal-inc/" target="_blank" rel="noopener">Nepal, Inc.</a>, Suman Joshi<img src="https://superdesk-pro-c.s3.amazonaws.com/sd-nepalitimes/2022110811118/636a2a959c7e80680e045925png.png" alt="" width="733" height="732">Was this precipitation a natural anomaly, or was it spawned by changes in the global climate? Attributing one unusual weather event to <a href="https://www.nepalitimes.com/banner/on-thin-ice-in-the-khumbu/" target="_blank" rel="noopener">climate change is challenging in countries like Nepal</a> which still have significant data gaps and lack climate modeling expertise.However, if this is a new trend, it is a cause for serious concern. Warming caused by a greater concentration of atmospheric carbon is already changing the jet stream and weather patterns that influence climate in different ways, creating a new weather normal.Madan Lal Shrestha is Nepal’s leading climate scientist and says the trend is worrying: “The westerly systems seem to be shifting southward and bringing these anomalies.”The scenario for new snow dynamics projected by Kathmandu-based International Centre for Integrated Mountain Development (ICIMOD) in its <a href="https://www.nepalitimes.com/banner/a-terrifying-assessment-of-himalayan-melting/" target="_blank" rel="noopener">2019 assessment</a> and the Inter-governmental Panel on Climate Change (IPCC) SR 1.5 are equally disturbing. The ICIMOD study suggests that even if global warming is limited to 1.5°C by the end of the century, the Himalayan region will warm by around 1.8°C.Read also: <a href="https://www.nepalitimes.com/editorial/climate-damage/" target="_blank" rel="noopener">Climate damage</a>, Editorial Under a 1.5°C scenario, the study says glacier volumes in the Himalaya will decline by 36% by 2100 and under business as usual emissions, by a whopping 64%. The <a href="https://www.nepalitimes.com/editorial/climate-climax/" target="_blank" rel="noopener">IPCC</a> SR 1.5 suggests temperature rise be limited to within 1.5oC by 2030, to avoid a disastrous climate future. But this looks unlikely and the above scenario may become a reality earlier than projected. These change dynamics could already be <a href="https://www.nepalitimes.com/opinion/nepals-silent-emergency-springs-going-dry/" target="_blank" rel="noopener">depleting base flow</a> of many of our snow- and rain-fed rivers. Existing and planned hydropower plants in both river types face higher risks.Nepal has a total installed hydropower capacity of about 1,000MW and in 2018 the plants supplied 4,475GWh of hydroelectricity into the Integrated Nepal Power System. New plants under construction will add 3,370MW, and new planned projects will generate an additional 4,562W. These do not include smaller community plants, export projects like Arun II, or storage projects like Budi Gandaki and West Seti.When these are completed, Nepal will have 300 power plants with an installed capacity of 8,932MW. If we assume that each 1MW needs $200,000 worth of investment, these projects will be valued at $18 billion, and could produce about 40,000 GWh of electricity provided the hydrology of rivers, particularly their base flow, does not change.Already, hydropower plants in fragile basins like the Bhote Kosi face floods, landslides like the one in Jure in 2014, the <a href="http://archive.nepalitimes.com/blogs/kundadixit/2015/05/27/a-month-that-felt-like-a-year/" target="_blank" rel="noopener">earthquakes four years ago</a>, and glacial lake outbursts. As the snow and glaciers melt, energy stored in expanding glacial lakes (like this one on the <a href="https://nepalitimes.atavist.com/high-water" target="_blank" rel="noopener">Barun Glacier</a>, above) could theoretically be harnessed in the future, but these will be technologically complex, the upfront cost prohibitive, and impose high risks to fragile mountain ecosystems.Today, while 86% of Nepalis have access to <a href="https://www.nepalitimes.com/here-now/the-cost-of-light/" target="_blank" rel="noopener">electricity</a>, its use in productive sectors of the economy and in creating new jobs is limited. The bulk of the country’s cooking energy still comes from biomass, and the cost of petroleum imports show no signs of slowing.In addition, regulatory oversight is inadequate, and so is compliance to environmental and social safeguards in the development and operation of hydropower plants. Hydropower design use historical rainfall and river flow data, but climate change makes them unreliable to calculate energy performance of power plants. Agencies in Nepal involved in hydropower development <a href="https://www.nepalitimes.com/banner/dams-and-dreams-a-journey-down-the-karnali/" target="_blank" rel="noopener">must assess climate change risks</a>, identify mitigation measures and ensure that projects deliver energy they are designed for.Data sets generated by existing plants in Nepal’s snow-fed and rain-fed rivers can alert us to changes in flow, and in assessing related risks to their energy performance. Generation-mix for a cleaner energy future can offset potential risks of total reliance on water-based energy system vulnerable to climate change. Such a strategy must minimise import of petroleum products by using indigenous hydro and other clean sources, address persistent energy poverty, elevate use of electricity in the economy.In 2006, Economist Nicholas Stern’s <a href="http://mudancasclimaticas.cptec.inpe.br/~rmclima/pdfs/destaques/sternreview_report_complete.pdf" target="_blank" rel="noopener">Report on the Economics of Climate Change</a> had warned that the cost of inaction would be far greater for future generations than the costs of action taken today. A decade later he said, “I should have been much stronger in what I said in the report about the costs of inaction. I underplayed the dangers.”Crossing the <a href="https://www.nepalitimes.com/opinion/decarbonise-now/" target="_blank" rel="noopener">1.50 C threshold</a> would take us to the danger zone. To remain within that limit, we need to improve governance and institutional accountability with in-built systemic checks and balances to ensure that new climate risks are accounted for and minimised.Ajaya Dixit is Executive Director of Kathmandu based ISET-Nepal. His monthly column Climate for Change in Nepali Times deals with the impact of global warming in Nepal.

Climate risk to hydropower investment

Samsung Nepal has opened pre-orders for the Galaxy A57 5G and A37 5G. Both phones run Samsung’s One UI 8.5, featuring AI capabilities like voice transcription, Circle to Search, and photo editing. They feature a 50MP triple-camera system, a Super AMOLED display, and six years of OS and security updates.

Galaxy A series

The war in West Asia has exposed the fragility of the economic architecture Nepal has built on over two generations. If the conflict continues, growth across developing Asia will slow and prices will rise. For Nepal, this will be felt through higher living costs, weaker economic activity, and growing uncertainty for the millions of families who depend on remittances.&nbsp; Nepal now needs to structurally transform from exporting labour to investing in domestic job creation. &nbsp; The country's current path toward a knowledge economy has a blind spot. A <a href="https://iids.org.np/wp-content/uploads/2025/02/unleashing.pdf" target="_blank">report</a> by the Institute for Integrated Development Studies (IIDS) in Kathmandu shows that IT export companies alone generated 7,228 jobs and income for 66,509 freelancers.&nbsp; We are building digital labour export, not an economy that accumulates institutional knowledge. The Nepali Upwork developer and a migrant construction worker in the Gulf are engaged in the same economic activity, but with different tools. Nepal’s reliance on a <a href="https://data.worldbank.org/indicator/BX.TRF.PWKR.DT.GD.ZS?locations=NP" target="_blank">remittance-driven economy,</a> means the country has failed to create enough <a href="https://www.worldbank.org/en/country/nepal/publication/unlocking-nepal-s-growth-potential" target="_blank">quality jobs</a> at home. For millions of young people, leaving the country is not a choice but a necessity to survive and support families back home. <a href="https://www.worldbank.org/en/country/nepal/publication/unlocking-nepal-s-growth-potential" target="_blank">Remittances</a> have no doubt helped reduce poverty. Thirty years ago, 55% of Nepal’s population lived on less than $2.15 a day, now it is 20% after the absolute poverty line was revised upwards. This progress has come at a cost — &nbsp;an economy that depends more on exporting workers than creating opportunities at home. This development reflects a deeper political failure to create meaningful jobs within the country. Since the democratic transition in 1991, Nepal’s leadership has largely recycled the same faces, with limited progress on job creation or industrial growth.&nbsp; Nepal cannot build a <a href="https://nipore.org/accelerating-nepals-startups/" target="_blank">knowledge economy</a> while its most ambitious people are outbound to Doha and Tokyo. We are also not just losing ‘labour’. We are losing the entrepreneurial risk tolerance of our youth.&nbsp; If the most ambitious 25-year-olds are abroad, who is left to support innovation and entrepreneurship? The same people who are working tirelessly abroad, are our biggest asset for development. Their work ethic and the know-how inurban renewal could well fit into the new RSP government’s mandate of 7% annual growth.&nbsp; The <a href="https://english.biznessnews.com/posts/-nepal%E2%80%99s-it-exports-cross-1-billion-" target="_blank">$1B milestone</a> of IT exports is a celebratory moment for Nepal. However, that cannot lead to a pathway to a $100 billion economy without innovation ecosystems that go beyond individual labour export. Companies like SecurityPal and industry associations such as NASIT have made significant efforts in building such an environment, recently championed by private sector leaders as a &nbsp;<a href="https://www.securitypalhq.com/blog/silicon-peaks" target="_blank">Silicon Peaks</a> model that emphasises a home growth tech cluster. The need to accelerate this transition is even more urgent with the escalating conflict in West Asia. &nbsp;The recent International Labour Organisation (ILO) <a href="https://www.ilo.org/sites/default/files/2026-03/Nepal%20LDC%20Graduation%20Employment%20Impacts%20Report.pdf" target="_blank">report</a> shows that LDC graduation is expected to adversely impact manufacturing with losses of $1 billion by 2030.&nbsp; If manufacturing takes such a large hit from losing trade preferences, then Nepal’s services and IT sectors need to structurally transform and shift from exporting individual talent to building firms. &nbsp; A generation’s frustration has finally forced a shift in Nepal’s political structure, handing the new government a clear mandate to fix failures. But the question still persists: what prevents Nepal from achieving sustained, productivity-driven growth? &nbsp;&nbsp; RSP is in the right place at the right time to put Nepal's economy on a firm footing. At the heart of Nepal’s economic underperformance lies a major development binding constraint: low returns to investment on projects.&nbsp; The government invests like a high-growth economy, with gross capital formation at around <a href="https://data.worldbank.org/indicator/NE.GDI.FTOT.ZS?locations=NP" target="_blank">25–30 percent of GDP</a>. Yet economic growth remains modest. The problem is not how much the country invests, but how little it gets in return. One way to see this is by looking at how much investment is required to generate growth.&nbsp; Nepal needs large amounts of capital to produce relatively small gains in output (graph, below). For instance, in 2024, the ICOR was 8.29, this suggests that Nepal had to invest more than 8 units of capital to produce a one unit of additional economic output.&nbsp;  <figure> <img src="https://publisher-publish.s3.eu-central-1.amazonaws.com/pb-nepalitimes/swp/asv65r/media/20260406040412_605dc527641d2ff2dc5723ed8bbec946898331d5538a55b9941e32a0725bf811.jpg" data-media-id="editor_9" data-image-id="20260406040412_605dc527641d2ff2dc5723ed8bbec946898331d5538a55b9941e32a0725bf811" data-rendition-name="original" width="1827" height="925" loading="lazy" alt="Economy graph"> <figcaption>Source: Author's calculation based on a Growth Diagnostic simulation</figcaption> </figure>  This reflects a deeper issue in how investment is allocated and executed. Capital is often locked in low-productivity sectors or diluted by delays, inefficiencies, and policy uncertainty.&nbsp; As a result, even high levels of investment fail to translate into sustained growth. Until investment shifts toward productive, firm-building activities, higher spending alone will not deliver results. &nbsp; To reverse this, the government must focus on raising the returns to investment by enabling firms to grow and compete. This requires a shift from managing scarcity to creating an environment where capital can generate consistent and predictable returns. A central priority should be given to attracting and retaining both domestic and foreign private investment. Investors do not just respond to direct incentives, but also to policy stability in the country. Nepal’s economy cannot sustain high growth if its human capital continues to leave the country.&nbsp; The goal should not simply be to create jobs, but to build companies that scale, innovate, and compete beyond Nepal. This requires supporting sectors with strong productivity potential and ensuring that firms can expand without being constrained by infrastructure gaps or regulatory friction. Finally, the state must improve the quality of its own investment. Public spending should focus on lowering the cost of doing business through reliable electricity, efficient logistics, and digital infrastructure.&nbsp; The GenZ movement took two days to bring change. The economic transformation of Nepal might take a generation. The RSP can accelerate this transition, but only if it focuses on building a better investment climate for business and not just feeding the global labour pool. Kailash Raj Pandey is an MPA/ID and MBA candidate at Harvard Kennedy School and MIT Sloan School of Management and a fellow at MIT Kuo Sharper Center for Innovation and Prosperity.&nbsp; Siddhartha Raymajhí is a policy researcher based in Kathmandu.

Creating a firm future for Nepal

Know your Ministers

Prime Minister Balendra Shah on Wednesday broke tradition and met with 17 foreign envoys collectively, a move that was a notable departure from how his predecessors operated.&nbsp;
Shah had already set himself apart by talking less, listening more, and delegating to trusted friends. But by meeting all ambassadors at one go in the presence of the Foreign Ministry, he signalled a paradigm shift in how he wants Nepal to be seen: no longer just balancing India and China, but as a country confident about its <a href="https://nepalitimes.com/opinion/guest-editorial/tripolar-contestation-over-nepal">strategic importance and place in the world</a>.
In just two weeks, the <a href="https://nepalitimes.com/news/rsp-dos-and-don-ts">RSP has sprung into action </a>on multiple fronts to implement its ambitious 100-point, 100-days action plan. It has taken short-term measures to mitigate the impact of the Gulf war, as well as medium- and long- term measures to streamline the bureaucracy. A few high-profile figures have been made examples of to drive the message home.
Earlier this week, the government recalled six politically appointed ambassadors, the most notable being long-serving Shankar Sharma from New Delhi. The Kathmandu District Court issued arrest warrants against former prime minister Sher Bahadur Deuba and his former foreign minister wife Arzu Rana on charges of money laundering and corruption.
Each ministry has been trying to clean up the accumulated rot from the past three decades: regulatory overhaul of microfinance, education, health and service delivery.&nbsp;
These actions widely disseminated campaign-style on YouTube and TikTok have made most Nepalis hopeful that the party they installed in power means business.
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BACKLASH
But such attempts to overhaul a long-entrenched political culture were bound to face backlash. In their impatience and enthusiasm to get things done, some of Prime Minister Shah’s ministers have over-reached.
It was common knowledge that government-paid advertising in the mainstream press was kickback-driven, but the PMO’s directive that official notices be published or broadcast only on state-run media has been denounced — especially as the media industry struggles to stay afloat.
More serious are some recent appointments by ministers of relatives and figures closely associated with the RSP to key positions. This has rankled because this party built its political plank on ending nepotism and graft.&nbsp;
News that Home Minister Sudan Gurung allegedly had not paid rent on leased land, which illegally encroached on the lake in Pokhara did not help. &nbsp;
Prime Minister Shah himself has come under scrutiny for appointing a kitchen cabinet full of male buddies from his time as Kathmandu mayor. To douse criticism he brought in as adviser investigative journalist Deepa Dahal, who has exposed corruption in high places of the previous coalitions.&nbsp;
Shah’s appointment of another political adviser Asim Shah to the head Constitution Amendment Task Force, is also seen as problematic. He is a filmmaker and former lawmaker, but does not have a background in constitutional law.&nbsp;
Even more controversial is the Cabinet’s decision to appoint RSP Chair Rabi Lamichhane’s legal counsel, Narayan Kandel, as Attorney General. Kandel used to be a UK permanent resident, and does not have as much experience practicing law in Nepal.&nbsp;
Kandel’s appointment drew flak and raised eyebrows, and with the pending legal cases against Lamichhane this appointment represents a flagrant conflict of interest.
Health Minister Nisha Mehta was also accused of favouritism after reappointing Junu Shrestha, wife of Labour Minister Dipak Kumar Shah, as member of the Health Insurance Board which had earlier suspended her. The Labour Minister’s rambling rant at the Board’s meeting on Tuesday has not helped the RSP’s image.&nbsp;
(UPDATE: On Thursday, Prime Minister Shah sacked the Labour Minister after the RSP found him in breach of the party's code of conduct and discipline. He served 14 days in the Cabinet, one of the shortest tenures for a minister in Nepal )
It is hard to know what <a href="https://nepalitimes.com/news/ball-in-balen-s-court">Balendra Shah is thinking</a>, and how Rabi Lamichhane is going to justify some of these moves. After all, making politics, governance, and bureaucracy a meritocracy has been the core tenet of the RSP, and it risks alienating its mainly youth base if these missteps persist.
But at least for now, most RSP supporters seem to be giving the party the benefit of doubt.

investment-climate

Early investors didn’t sell Nepal short

Climate risk to hydropower investment

Galaxy A series

Creating a firm future for Nepal

Know your Ministers

Nepal’s new government springs into action