Financial Markets in 2030
Forecasting the potential of any sector in Nepal is relatively challenging given the low policy predictability and continuing political fluidity. For the financial sector to take off it is essential to have an enabling environment in terms of a strong policy and legal framework governing the sector, as well as a sizeable and sustainable economic growth Read more
Migration and Remittance in 2030
Migration and remittances have become critical socio-economic forces in Nepal over the last ten years. Remittance as percentage of GDP today has moved up significantly close to the total contribution by agricultural sector to the GDP—currently accounting for almost 30% of the national economy Read more
Transformation in the Development Sector by 2030?
Development partners share the stated vision of the Government of Nepal which is to achieve all the Global Goals and emerge as an inclusive, equitable, and prosperous middle-income country (MIC) by 2030. In the process of becoming a MIC, we hope Nepal is able to establish robust mechanisms to be able to exit from poverty, using its own resources, within an acceptable timeline and with a low risk of failure and reversal. Read more
Foreign Aid in 2030
Nepal being a least developed country, has various challenges ranging from social and economic to infrastructural ones, therefore amidst limited internal resources foreign aid is essential to enhance such shortfalls. While increased foreign aid in the annual budgets have become an annual trend, absorptive capacity remains relatively low at just 57% on average over the last six years. The low expenditure of committed aid has created pressure on domestic sources and questions raised about our capacity and performance, which could deter development partners to divert funds or discontinue commitments. Therefore, for minimized gap between commitment and disbursement of foreign aid, it is essential to first strengthen our implementation and fund utilization capacities. Read more
Nepal as a Part of South Asian Common Market and Land Bridge between Two Large Economies
The economic and trade integration process in South Asia is moving at a very slow pace as there are many roadblocks in the way of integrating transport, communication, trade and related infrastructures. The economic cooperation framework of SAARC was based on the pledges of its leaders to make South Asia an economic union by 2020 encompassing the stages of preferential trade agreement to free trade area, customs union, and common market. Read more
Tourism in 2030
Travel and tourism has become a universal activity in contemporary society. The volume, pattern, style and motivations of travel and tourism has evolved greatly and is changing dynamically with the number of international tourists’ crossing the billion mark in the year 2012. The United Nations’ World Tourism Organization (UNWTO) estimates suggest that the number will reach 1.8 billion by the year 2030. Read more