Strange bedfellows: former foes join up in ruling coalition
Article Abstract:
Nepal has had five primer ministers since multiparty democracy took over from absolute monarchy, and the latest coalition led by Prime Minister Lokendra Bahadur Chand, is also considered unstable. Chand commands the votes of just a 10 member faction of the Rastriya Prajatantra Party, whilst the communists have 90 votes and their dominance has raised doubts about economic reforms. Chand is aiming to maintain an open-market policy to encourage domestic and foreign investment, but critics will be interested to see how he handles extremism in western Nepal.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1997
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Rain and Shine
Article Abstract:
Nepal's economy in 1995-96 appears to be improving over the previous year, partly because of a good monsoon in 1995. The monsoon improved agricultural production which constitutes 42% of the Gross Domestic Product (GDP). Economists predict that the GDP will grow by 5.6% in 1995-96. Exports have also increased, which may bring down the trade deficit. In addition, foreign exchange may improve and with it, foreign investment. Repairs to a damaged power plant may also restore full power to parts of the country.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1996
User Contributions:
Comment about this article or add new information about this topic:
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