<figure><img width="640" height="736" src="https://superdesk-pro-c.s3.amazonaws.com/sd-nepalitimes/2022111011110/636ccc5b9c7e80680e08bc1ajpeg.jpg" alt=""/><figcaption>Photos: MINGMA GYALJE SHERPA</figcaption></figure>When he was a boy, Mingma Gyalje Sherpa, used to look out the window of his home in the Rolwaling Valley at the imposing west face of Mt Chobutse. It was dwarfed by higher nearby peaks like Gauri Shankar and Melungtse, but the 6,686m high mountain’s sheer beauty had an irresistible pull.His village was at 4,200m and the boy used to take the family yak herd to graze in high pastures up to 5,300m every monsoon and gaze at the surrounding peaks from sunrise to sunset.“My relatives would bring back chocolates from foreign climbers, and I used to think that if I became a porter, I would also get to eat lots of chocolates,” he smiles.At age 19, he joined his uncle who was with a Japanese expedition on Manaslu. He reached 6,400m but had to turn back due to bad weather. He joined another expedition on Lhotse, which also abandoned the climb halfway. In 2009, he climbed Mt Everest, and later climbed it five times, but he always had the urge to climb for himself and not for others.Mingma G, as he now calls himself, decided to climb Chobutse solo to fulfill his childhood wish, and also because it was more difficult than the higher peaks he had climbed. Everyone told him it was a crazy idea, and he himself agreed. He made it to the top in 2015, and was snowed in for two days on the way down, but survived.He then went on to climb other challenging Rolwaling peaks like Chekigo and Parchamo, as well as other climbs of Ama Dablam, Paldor and Himlung. <img width="1230" height="663" src="https://superdesk-pro-c.s3.amazonaws.com/sd-nepalitimes/2022111011110/636ccc5e9c7e80680e08bc1bjpeg.jpg" alt="">Mingma G is that new breed of Nepali mountaineers who do not just help foreigners get to the top, but climb for the sheer adventure. That is why he decided to take a team to K2 in December 2020—because the second highest mountain had never been climbed before in winter.  Located in the Karakoram on the Pakistan-China border, K2 lives up to its nickname as 'the savage mountain'. One in every five climbers has been killed in trying to climb it. This year alone, four climbers died on K2. K2 is steep, has frequent rockfalls and avalanches, and demands technical skills at high altitude. To do this in winter, when temperatures reach -50 Celsius with hurricane force winds had been considered impossible. "It was very difficult. It was very cold,” says Mingma G with typically laconic understatement.     Given the background of the Nepali climbers he grew up around, Mingma G empathises with the plight of the porters from Baltistan, Pakistan. "While trekking base camp, they were carrying our load but they were eating less, sleeping on snow in thin sleeping bags and think mattresses...they are the ones who made our K2 successful in the beginning," he writes on his Instragram. Mingma’s all-Sherpa Nepali expedition arrived at Base Camp in December after a four-day march-in and immediately started fixing ropes on the mountain. As founder of Imagine Nepal, Mingma and other Nepalis had financed their expedition with a GoFundMe campaign because of loss of income due to the Covid-19 pandemic. After numerous setbacks due to weather and poor health, Nepali member of three other expeditions decided at Base Camp to make their own attempt to climb K2. This was his chance to make an assertion of national pride and endorse homemade Himalayan mountaineering competence.  "It was a spontaneous decision, we met Nims Purja on the mountains and talked about climbing together not for individual glory, but for national pride, so we teamed up,” he recalls.On the night of 16 January, the ten Nepali climbers were in Camp III at 7,365m. The wind was howling, it was bitterly cold, and team members were reporting signs of frostbite, and the altitude was beginning to take its toll."It took us three or four minutes to cover every step," Mingma recalls. "K2 is much more difficult than Mt Everest.”The ten climbed all day, past the Bottleneck, the treacherous near-vertical slopes with blue ice,  and finally the gentle slope before the summit dome. There, the Nepalis had decided not to go to the top one by one, wait for everyone 10m below the summit, and walk up collectively. <img width="1227" height="1543" src="https://superdesk-pro-c.s3.amazonaws.com/sd-nepalitimes/2022111011110/636ccc629c7e80680e08bc1cjpeg.jpg" alt="">It was 5PM on 16 January when they joined hands, sang the Nepali national anthem and took collective steps to the summit where they waved Nepali double triangle flag. They had done it: the first ever winter ascent of K2, the latest and greatest feat in mountaineering for the team.“We did it to make the argument about who arrived first, irrelevant. We climbed the peak together, we sang the national anthem together,” says Mingma, who considers it his most important climb.  After all those Everest summits, Lhotse, and even the difficulty on Chobutse, K2 in winter was a whole new dimension. But Mingma has barely any time to rest. He has a busy schedule ahead in 2021, with plans to climb Annapurna in March, Mt Everest and Lhotse again in April-May with clients. In June, he is going back to K2 and other Karakoram peaks. In September, he will be in Kathmandu only for two days before heading off to Manaslu.Even with all the physical and mental toll that climbing takes, Mingma is happy doing what he is doing. There is a tinge of concern that he puts his family members through so much worry, but they also understand that climbing is his passion.Mingma’s other worry is that he can only sustain his own climbing by guiding clients to summits. This is a dangerous profession, and as he gets older he will have to find ways to pay for his own future adventures. But the smile on his face shows that he is not really that worried: “I'm young now, I'm strong, everyone wants me to climb.”

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K2 and life’s other mountains

<figure><img width="640" height="480" src="https://superdesk-pro-c.s3.amazonaws.com/sd-nepalitimes/20221110111128/636cd3089c7e80680e08f946jpeg.jpg" alt=""/><figcaption>Sonu Sherpa of Seven Summit Treks on the top of K2 on 16 January at 5pm. Photo: Seven Summit Treks</figcaption></figure>While their political leaders back home in Kathmandu fought tooth-and-nail for power, ten Nepali climbers from different expeditions decided to work together last week to achieve the <a href="https://www.nepalitimes.com/here-now/all-nepali-winter-first-on-k2/">first-ever winter ascent of the last 8,000m peak</a>.In a remarkable show of solidarity, ten exhausted Nepali mountaineers waited 10m below the summit for everyone to catch up, and then took the final steps together to the top of K2, singing Nepal’s national anthem in unison.  This unique demonstration of unity put the leaders of Nepal’s ruling Nepal Communist Party (NCP) and other political parties to shame for wasting nearly three years in an endless power struggle that has paralysed governance.Immersed in rancorous name-calling, none of Nepal’s political leaders (except the RPP’s Kamal Thapa) has found it necessary to mention or congratulate the climbers for their record-breaking climb that has been praised by the mountaineering community worldwide. <iframe src="https://www.facebook.com/plugins/video.php?href=https%3A%2F%2Ffb.watch%2F3de6cPZqPR%2F&amp;width=500&amp;show_text=false&amp;appId=975519809274828&amp;height=626" width="500" height="626" style="border:none;overflow:hidden" scrolling="no" frameborder="0" allowfullscreen="true" allow="autoplay; clipboard-write; encrypted-media; picture-in-picture; web-share"></iframe> The winter ascent of the 8,611m high mountain on the Pakistan-China border had been attempted many times in the past 30 years, and the successful climb by the Nepalis has been hailed as a singular mountaineering achievement.Nepal’s high altitude guides have assisted many international expeditions on K2 and other mountains in Nepal to get to the top, this time they united their effort to set a world record and demonstrate that anything is possible when Nepalis work together.The ten Nepalis from three different expeditions were Nirmal Purja, Gelje Sherpa, Mingma David Sherpa, Mingma G, Sona Sherpa, Mingma Tenzi Sherpa, Pem Chhiri Sherpa, Dawa Temba Sherpa, Kili Pemba Sherpa and Dawa Tenjing Sherpa. Despite unrelenting wind and cold, with temperature dipping to -70Celsius, the Nepalis decided not to go individually for the record, but collectively claim the achievement on behalf of Nepal. <figure><img width="1440" height="1800" src="https://superdesk-pro-c.s3.amazonaws.com/sd-nepalitimes/20221110111128/636cd3099c7e80680e08f947jpeg.jpg" alt=""><figcaption>Nims Purja on the summit of K2 on 16 January. He reached the top with other Nepalis, but did not use supplemental oxygen. Photo: NIMS PURJA/FACEBOOK</figcaption></figure>Nima Purja, who set <a href="https://www.nepalitimes.com/latest/nims-purja-does-it/">his own record in 2019</a> by climbing the world’s 14 eight thousanders in a record-smashing six months and six days, was back on K2 to repeat the climb in winter. After descending to Base camp, he disclosed that he had climbed without the use of supplemental oxygen – which makes the feat even more remarkable.“I took a calculated risk this time and I pressed on without supplementary O2. My self confidence, knowing my body’s strength, capability and my experience from climbing the 14 x 8000ers enabled me to keep up with the rest of the team members and yet lead,” Purja wrote on Facebook, laying to rest criticism from some that climbing with oxygen was not fair.He added: “There are many cases, where climbers have claimed no O2 summits but followed our trail that we blazed and used the ropes and lines that we had fixed. Some of which are widely known within the inner climbing community. What is classified as fair means?”  <img width="640" height="623" src="https://superdesk-pro-c.s3.amazonaws.com/sd-nepalitimes/20221110111128/636cd30c9c7e80680e08f948jpeg.jpg" alt="">Another member of the summit team, <a href="https://www.facebook.com/climbermingma">Mingma G</a> is also said he was climbing without using bottled oxygen. K2 is regarded as even more difficult to climb than Mt Everest because of the need for technical climbing in the ‘death zone’ above 8,000m. And winter expeditions face the additional challenge of hurricane force winds and blizzards.In an interview from his Base Camp tent on Monday, Purja told the <a href="https://www.bbc.com/news/av/world-asia-55710125">BBC</a>: “It was super cold and every step we climbed was an effort… just 10m before the summit the whole team stop together and sang the national anthem of Nepal... the team members were quite emotional as well as myself, to make this impossible possible.” But K2 did claim a life this winter – that of Catalan climber Sergi Mingote who fell into a crevasse while descending from Camp I on the same day that the Nepalis were on top.This winter’s K2 climb has been hailed in the international mountaineering community as a major milestone. Mountaineering chronicler <a href="https://www.alanarnette.com/blog/2021/01/16/winter-k2-update-first-winter-k2-summit/?fbclid=IwAR2QJkW8QHwe-oyg_n0zfC7vcK-8IvDWB1Tb20PPQ5YKYE4XmLtENqjBzps">Alan Arnette, who has climbed Everest and K2, wrote on his blog</a>: ‘There have been questions why this Nepali national team was able to accomplish what world-class teams since 1987 have not. My opinion is that they worked as a unified team to get the camps and fixed line in early, they got lucky with the weather, especially in December and early January and on the summit push, they were able to stay healthy and avoid the objective dangers of avalanche and rockfall, they had a strong support team … and they were determined to show the world that Nepali climbers were amongst the best.’ <img width="640" height="512" src="https://superdesk-pro-c.s3.amazonaws.com/sd-nepalitimes/20221110111128/636cd30f9c7e80680e08f949jpeg.jpg" alt="">Canadian author of mountaineering books, <a href="https://www.facebook.com/bernadette.mcdonald.5">Bernadette McDonald</a>, said the Nepali team had written an important chapter in the history of high-altitude winter climbing. She added in a Facebook post: ‘This remarkable Nepali success is the result of many things: their strength, their abilities in the mountains, their motivation, their willingness to suffer, an amazing weather window and an outstanding collaboration between multiple teams. They formed one unstoppable team, one that paused only once, when they stopped 10 metres below the summit to ensure that all ten members reached the top together. Brotherhood of the Rope!’ McDonald, who is updating her most recent book <a href="https://www.amazon.com/Winter-8000-Climbing-Highest-Mountains/dp/1680512927">Winter 8000</a> with the Nepali success on K2, added: ‘It’s hard to imagine a more perfect group of climbers to make the first winter ascent of K2, climbers who have been the backbone of so many successful ascents in the Himalaya, but have rarely reaped the glory.’ Nims Purja used to be in the British special forces, and unfurled a banner with the British and Nepali flags at the summit at 5PM on 16 January. He said: “What kept everyone going was that everybody wanted this to their bone to make the Nepali climbing community proud. It was that mutual support between each other that kept us successful.”

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Nepalis on K2 make the impossible possible

It is only April, and Himalayan expeditions are already making rotations to acclimatise on Annapurna and Dhaulagiri, and will soon be making summit pushes.&nbsp; On Mt Everest, Icefall Doctors are fixing ropes and ladders into the Western Cwm as international climbers arrive at Base Camp. Spring 2026 is going to be the busiest and most crowded so far in the Nepal Himalaya. The main reason is that China has closed expeditions from the north side for eight-thousanders Everest and Cho Oyu, and also Xixapangma.&nbsp; The closure is informal, from what one can make out. The Chinese have not put out any official statement, but there are no permits either. The reason seemingly was the ‘Rising Dragon’ firework display last September by pyrotechnic artist Cai Guo-Qiang near Xigatse.&nbsp; Working with outdoor wear company Arc’teryx, Guo-Qiang set off an impressive sequence of orange and white fireworks that wound up a mountain. The spectacular display was criticised for damaging the fragile ecology of the Tibetan Plateau. But this cannot be the only reason the north side is closed. Experienced Everest blogger Alan Arnette anticipates that about 125 climbers will shift to the Nepal side of the mountains, and expects there to be up to 900 summits this spring — up from the highest spring number so far of 876 climbers on top in 2019.&nbsp;  <figure> <img src="https://publisher-publish.s3.eu-central-1.amazonaws.com/pb-nepalitimes/swp/asv65r/media/20260404050428_8c31812bf38f699c4faa74f25814a6ddaee397f71a629e549023f29250f05082.jpg" data-media-id="editor_0" data-image-id="20260404050428_8c31812bf38f699c4faa74f25814a6ddaee397f71a629e549023f29250f05082" data-rendition-name="original" width="1500" height="1000" loading="lazy" alt="mountaineering"> <figcaption>Photo: KARMA TENZING</figcaption> </figure>  The early Base Camp arrivals are having problems with their first rotations because of heavy snow this season. Unlike previous springs, this year has seen back-to-back blizzards at high altitudes since February. The increased snow load on the slopes have increased avalanche danger right across the mountains.&nbsp; There has been an increase in numbers on Everest despite the West Asia war, flight disruptions, LPG shortage and new regulations. The permit fee has gone up for the first time since 2015 from $11,000 to $15,000 this year.&nbsp; The Tourism Bill passed by Nepal’s Upper House last year would have required climbers to have first summitted a 7,000m peak in Nepal before attempting Everest. However, the Department of Tourism has confirmed that there are no new experience requirements this season. Some want this rule changed to include 7,000m peaks anywhere in the world. That could be one reason people are rushing to climb Everest before the Nepal government changes its mind and enforces the new regulations on prior experience on Everest. “It’s probably going to encourage a lot of people that simply are not ready to go,” reckons Alan Arnette. “Once again, we may see a lot of inexperienced people on the mountain trying to get in before the rule comes into place, if it does.”&nbsp; Arnette has always been sceptical of Everest regulations, and points out many instances where rules have been announced but not implemented over the ten years that he has been tracking them. For example, a helicopter ban to Everest Base Camp was announced last year, but rescinded. A rule requiring climbers to bring down waste was never seriously enforced. Since there is so much money involved for the government and for the operators, any any rule that would reduce revenue is never fully implemented. This year there is another ‘High-Altitude Trash Quota’ rule requiring climbers and guides operating above Camp 2 to collect and bring down at least 2kg of waste from the higher camps.&nbsp; The Nepal government has tried to diversify peaks on offer by reducing the royalty on climbs, but the draw of Everest, Annapurna and other eight-thousanders seems to be too great. Even when the permit fees for some remote peaks like Kangri Shar, Himlung and Api, were reduced to $400, there are few takers.&nbsp;  <figure> <img src="https://publisher-publish.s3.eu-central-1.amazonaws.com/pb-nepalitimes/swp/asv65r/media/20260402120436_a90cd44858e97086f773aa1fbd592b3434bb07d89cd4a1843b2ca32a84e7c72d.jpg" data-media-id="editor_1" data-image-id="20260402120436_a90cd44858e97086f773aa1fbd592b3434bb07d89cd4a1843b2ca32a84e7c72d" data-rendition-name="original" width="1500" height="1125" loading="lazy" alt="Photo Damien Francois"> <figcaption>Photo: DAMIEN FRANCOIS</figcaption> </figure>  TIME LAPSE Clients and expedition operators have been trying to shorten the time needed to complete an Everest expedition from the city of origin to the top and back. Since Nepal has no rules about spending a certain number of days in acclimatisation, this has allowed some expedition organisers to use new technology.&nbsp; Austrian operator Lukas Furtenbach last May led a group of four British ex-military clients to the summit within a week of leaving London. This climb was scrutinised because the group had practiced breathing xenon gas, a substance that increases the count of red blood cells and is banned in competitive sports. The climbers had also trained for months at home in hypoxic tents, and used supplemental oxygen during the actual climb.&nbsp; The success of that expedition prompted an investigation by Nepal’s Ministry of Culture, Tourism, and Civil Aviation, but there was nothing it could do because the team had taken the xenon in Germany two weeks before their trip. But even if they had administered the gas in Nepal, it would technically not be illegal. Furtenbach is firmly in favour of speed, and of using the gas. “The only reason why we are working with xenon is to make climbing safer, to protect climbers from high altitude sickness,” he says, arguing that the less time climbers spend on the mountains, the less their exposure is to disasters, sickness, and they also generate less trash.&nbsp; His firm, Furtenbach Adventure, offers a three-week Everest South Flash expedition, at a cost of €100,000, using custom oxygen systems. Other expeditions take up to two months.&nbsp; A young American duo of Ryan Mitchell and Justin Sockett got to Everest Base Camp five days ago. They are preparing for an oxygen-free summit attempt.&nbsp; ‘ Being around these mountains for one day has already brought me so much joy. Every time I come back to the Khumbu I feel more familiar and connected,’ posted Mitchell. He and Sockett have since summitted Lobuche East (6,119m) as they continue to acclimatise and wait for the Khumbu Icefall route to be fixed.&nbsp; There are other sans-O2 trips planned this climbing season in Nepal. Norwegian Kristin Harila, the fastest in the world to climb all 14 8,000ers (in 92 days), is attempting the Nuptse, Lhotse, and Everest three-peak climb without supplemental oxygen. American Tyler Andrews and Ecuadorian Karl Egloff are continuing their race to break records in Everest. While Andrews is attempting the Fastest Known Time from Base Camp to the top without oxygen, Egloff is taking it a step further and going for a round trip: from Base Camp to the summit and back in record time.&nbsp; Both Egloff and Andrews had attempted these climbs in 2025 spring, but abandoned around 7,000m due to bad weather.&nbsp; Kami Rita Sherpa wants to extend his all-time record of total Everest summits to 32, while Kenton Cool from England is chasing 20, a non-Nepali record.&nbsp; The first summits of the season will be in late April, or early May depending on weather. Besides Everest, there are a lot of interesting climbs on lesser known peaks.&nbsp; The Japanese trio of Masayuki Takenaka, Tatsuro Sugimoto, and Ryota Nomura, for example, are attempting the unclimbed Jarkya Himal (6,473m) near Manaslu. &nbsp;&nbsp; <h2>Fake rescues</h2>  <figure> <img src="https://publisher-publish.s3.eu-central-1.amazonaws.com/pb-nepalitimes/swp/asv65r/media/20260402120436_600c0176e24327fd3dfcfd634e4b871f3e5314aa00eb4885ad137ac6f9c4a3b6.jpg" data-media-id="editor_2" data-image-id="20260402120436_600c0176e24327fd3dfcfd634e4b871f3e5314aa00eb4885ad137ac6f9c4a3b6" data-rendition-name="original" width="800" height="519" loading="lazy" alt="Fake rescues"> </figure>  This year’s spring climbing season has coincided with Nepal’s new government taking action against alleged perpetrators in fake rescues and insurance fraud. The Central Investigation Bureau (CIB) has already arrested more than a dozen trekking agency executives, hospital managers and helicopter company executives for medevac insurance fraud. Climbers are known to fabricate medical emergencies, get flown down from as high as Camp II on Everest, and then submit false insurance claims.&nbsp; Sometimes one flight is made to look like many using fake invoices. Trekking companies are also involved in fake rescues of hikers who just get tired of walking.&nbsp; Too many fake claims could lead to insurer’s losing confidence in the industry, and increased premiums, leading to delayed responses in real accidents.&nbsp; As a result of the scandal, there is now more scrutiny from the government about rescues. Already, helicopter operators have to wait for permission before carrying out rescues while their application is vetted.&nbsp; The worry is that this could cause unnecessary delays when time is of the essence in mountain rescue. Already, medevacs are delayed because of the bureaucracy needing permits to fly to sensitive regions bordering China. Last year, a climber died on Himlung because helicopter rescue took too long while operators ran from door to door in Kathmandu to obtain necessary permits. <h2>Mingma David Sherpa, MP</h2>  <figure> <img src="https://publisher-publish.s3.eu-central-1.amazonaws.com/pb-nepalitimes/swp/asv65r/media/20260402120432_05c1600440327f4ae4bcae641b634714951f45702080a88d4e2628587190aa25.jpg" data-media-id="editor_3" data-image-id="20260402120432_05c1600440327f4ae4bcae641b634714951f45702080a88d4e2628587190aa25" data-rendition-name="original" width="960" height="958" loading="lazy" alt="Mingma David Sherpa"> </figure>  Meet Mingma David Sherpa, Nepal’s first mountaineer to be nominated to Parliament. Sherpa is a self-made professional climber from Rolwaling, who rose up from an expedition porter to a record-breaking mountaineer and expedition organiser. As an insider, he is now in a position to streamline laws related to Nepal’s trekking and mountaineering sector. He is co-owner of EliteExped with Nims Purja, and in 2021 the two were part of a team of Nepali climbers to be the first to make it to the top of K2 in winter, the second highest mountain in the world in Pakistan.&nbsp;  <figure> <img src="https://publisher-publish.s3.eu-central-1.amazonaws.com/pb-nepalitimes/swp/asv65r/media/20260402120432_c4ec586e7a27b09a72e61925a3897d843f864563d9e82a3fd3e25293e22cbe54.png" data-media-id="editor_4" data-image-id="20260402120432_c4ec586e7a27b09a72e61925a3897d843f864563d9e82a3fd3e25293e22cbe54" data-rendition-name="original" width="2082" height="1396" loading="lazy" alt="Mingama David Sherpa"> </figure>  Mingma David was also on Purja’s Project Possible to climb all the 14 eight-thousanders in six months, shattering the previous record of seven years. He was featured in Purja’s documentary 14 Peaks: Nothing is Impossible.&nbsp; At age 30 he became the youngest climber to reach the top of all 14 eight-thousanders for which he was awarded the Piolet d’Or. Mingma David has taken part in dozens of successful rescues of fellow climber, including the highest ever long-line rescue on Dhaulagiri and saving the life of fellow-climber from 8,600m on Everest. <h2>April Fool</h2>  <figure> <img src="https://publisher-publish.s3.eu-central-1.amazonaws.com/pb-nepalitimes/swp/asv65r/media/20260402120432_775afff27d4a2889a60730aa25bbc5f8eb8ea343528c8c031a6febbfd74814c4.jpg" data-media-id="editor_5" data-image-id="20260402120432_775afff27d4a2889a60730aa25bbc5f8eb8ea343528c8c031a6febbfd74814c4" data-rendition-name="original" width="1365" height="1820" loading="lazy" alt="Furtenback Adventures"> </figure>  The Austrian expedition outfitting company Furtenbach Adventures spoofed the anticipated crowds on an April First post on social media this week, showing ‘a fully galvanized, weather-resistant steel staircase, complete with a sturdy handrail’ to make the Hillary Step bottleneck on Mt Everest less dangerous.

Nepal Himalaya Spring 2026

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

Barely a month after the March election, newly elected lawmakers convened for the first session of Parliament on Thursday (picured above).
But the RSP had already hit the ground running in its first week in office. Prime Minister Balendra Shah and his trusted Home Minister Sudan Gurung conducted a slew of high profile arrests. &nbsp;
The former prime minister, home minister and Kathmandu CDO, among others, were detained in connection with the 8 September massacre outside Parliament.&nbsp;
The Cabinet unveiled its 100-point roadmap outlining sweeping institutional, economic and social reforms to ensure better service delivery, and setting deadlines for itself for the first 100 days in office.&nbsp;
Key priorities include strengthening digital governance, removing redundancy across the civil service, investigating assets of high-ranking political and government figures, depoliticising the bureaucracy and universities, as well as broader legal and constitutional reforms.
“The move to hold former leaders accountable sends a powerful signal that impunity is no longer politically untouchable,” says Pukar Malla of Governance Lab at Daayitwa Abhiyan. “On the reform agenda, the direction is right but the timeline is too compressed, 100 days is not enough to transform the system. It is only enough to establish the discipline of transformation.”
The RSP’s decisions have mostly been greeted with enthusiasm by the electorate which gave the party an almost two-thirds majority in Parliament. Nepalis are for the first time in decades genuinely hopeful about the country’s leadership.
“The enthusiasm is real because the pain is real. &nbsp;But people are not just asking for symptoms to be treated. They want the patterns underneath the symptoms to change,” says Malla. "That is where the leadership journey becomes much harder, because structural change is slower, more conflictual, and far less theatrical than headline decisions.”
The RSP’s prompt proactiveness signals a can-do approach designed to placate voters impatient to see immediate change, and also to warn influential figures of the past three decades that anyone can be dragged to jail or put on the immigration no-fly list. The message is also to the bureaucracy to pull its weight, and clean up its act.&nbsp;
But in public discourse, there is also a sense that anyone critical of the government’s decisions can be targeted and trolled. Enthusiasm about the new government &nbsp;seems to outweigh critical and nuanced reasoning about whether ‘Balen Sarkar’ can achieve targets it has given itself within the self-imposed timeframe.&nbsp;
Any concerns about the RSP’s perceived high-handedness or criticism of state overreach tends to be dismissed, branded as noisemaking by mouthpieces of old parties.
Critics say the arrest of Oli, Lekhak others did not follow due process, and displays the very partisanship and vendetta tactics of the legacy parties that the RSP vowed to dismantle.
“The detentions and the plans this government has made for the next 100 days might be necessary, but they seem to be optimised for public spectacle and rather than being deliberative steps for sustained reforms,” says researcher Dovan Rai of Body and Data.
She adds: “K P Oli failed because he put himself above the system, and it seems as though that power has just transferred from one personality to another. What we need is strong institutions, not strongmen that play the role of hero or villain.”
The RSP’s strategy to overhaul the state apparatus is high-stakes, aspirational and at times unquantifiable. The new leaders and the public must recognise that Nepal’s problems cannot be solved in 100 days.
The near two-thirds dominance in Parliament offers the RSP a chance to show results, but it is also an unforgiving majority. Failure is not an option.
Adds Pukar Malla: Political leadership may drive change from above, but civil society and citizen networks have to partner from below.”
The NC and the UML are licking their wounds, and again proved their obsolescence this week by trying to rehabilitate and reinstate old leaders. The UML is on warpath, and missed another opportunity to turn a new leaf by rejecting 36-year-old Suhang Nembang as parliamentary party leader.
People who did not vote for RSP must give the party a chance to deliver on promises. But the party's most effective opposition may have to be its own voters, who must play the check and balance role by insisting on results, and preventing fawning support for populist leaders resulting in authoritarian creep. &nbsp;&nbsp;
“The public now plays a critical role in holding the leadership accountable, it must go beyond small wins,” says Dovan Rai. “Support must not come from opportunism, and criticism must not be based on prejudice.”

RSP dos and don’ts

The Rastriya Swatantra Party (RSP) that swept Nepal’s post-GenZ election last month has taken office at a fraught period in global geopolitics. The <a href="https://nepalitimes.com/opinion/the-myth-of-red-lines">war in West Asia </a>could potentially reshape the world order with far-reaching<a href="https://nepalitimes.com/news/fuel-price-shock-hits-nepal-aviation"> strategic and economic consequences for Nepal</a> and the region.&nbsp;
The foreign policy of any state is largely dependent on the <a href="https://nepalitimes.com/opinion/the-spheres-of-influence-illusion">extant structural features of the international system</a>, and Nepal and its remittance-driven economy faces a challenging geo-strategic environment.&nbsp;
The position of the United States in international affairs is still largely unrivalled, and provides a rather large window into the country. But the impact of greater Chinese power in Nepal is not yet properly understood, while India has always been and will continue to exert regional hegemonic influence.&nbsp;
With 5% of the global population contributing to 20% of the world economy, and flexing 50% of military might, the United States looms large just about everywhere in the world, including Nepal. Its rivalry with an emergent China puts Nepal in strategic proximity.&nbsp;
Whether it is the <a href="https://nepalitimes.com/here-now/mcc-gets-green-light-in-nepal">Millennium Challenge Corporation (MCC) project </a>or the State Partnership Program (SPP), if President Donald Trump and the State and Defense Departments want it done in Nepal, they will get it done. The more germane question is whether this is beneficial to long term regional peace and stability. That is a consideration Washington will surely have to take into account moving forward.
How all this corresponds, or not, to <a href="https://nepalitimes.com/news/nepal-india-power-play">Indian policy towards Kathmandu </a>is the real question that will affect Nepal, given the strained relations between Washington and New Delhi lately.&nbsp;
There should be no confusion that as far as New Delhi is concerned, Nepal is part and parcel of India’s grand security structure. It has always been so, going all the way back to the British period under Viceroy George Curzon, and perhaps even earlier.&nbsp;
The Chinese assessment of Nepal is defined by Beijing’s interest to ensure the stability and security of the Tibet Autonomous Region. Any great power wishes to expand its influence beyond its borders and China, after all, now considers itself a global power. It has the engineering and financial capability to project its interest on a neighbouring country like Nepal whose economy is 400 times smaller.&nbsp;
However, expansion of Chinese influence in Nepal becomes a <a href="https://nepalitimes.com/review/a-past-foretold">matter of historical significance</a> only because it comes up against what India regards as its sphere of influence. New Delhi’s power especially vis-a-vis neighbouring South Asian states is grossly underestimated. India is emerging as the next great power in Asia, and at the current juncture of history, China is unlikely to become an alternative to India in Nepal.&nbsp;
COUNTERWEIGHT
This is also improbable and impractical because of the current power distribution in the international system. The United States is an off-shore power balancer, and is unlikely to countenance projection of Chinese influence into Nepal beyond certain limits.
India is not just a fellow democracy, but also serves as a counterweight to US fears of Chinese dominance of Eurasia. Washington can be expected to exert ever possible influence to ensure that China is not a decisive power in Nepal.
It may be the case that Beijing does not wish to enlist itself in such a position either such a manoeuvre in the Himalayan frontiers of the Subcontinent could draw the United States still more deeply into the Nepal’s political tapestry.
The result would be a more combustible Nepal with too many friction points to manage, and lead to a veritable headache deleterious to regional peace and stability.
How the new government in Nepal maintains <a href="https://nepalitimes.com/news/rsp-dos-and-don-ts">domestic peace and stability</a> will be closely watched in the region. It is a question contingent on a wait-and-see approach, as there are too many variables at play which cannot at present be set into watertight prognostications.
Nepal’s domestic politics therefore is governed by<a href="https://nepalitimes.com/review/some-chicken-some-neck"> international developments</a>. The first quarter of the 21st century is already characterised by the interplay of interdependent variables.
As the geopolitical thinker Robert Kaplan describes it, conditions are taut like in a musical instrument where too much pressure at one point on the string can disrupt the entire system in ways that are unpredictable.
How that will play out in Nepal will be a function of the intersection of civilian and military leadership within Nepal, and the tripolar contestation of China, India and the United States in the region.
Bhaskar Koirala is an independent analyst associated with Peking University.&nbsp;

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