Having a shadow credit rating would help Nepal identify areas of policy and governance it can improve on to receive a better sovereign credit rating.
The depleting foreign exchange reserves in Sri Lanka and the subsequent economic crisis has left many Nepalis feeling nervous about Nepal’s economic situation and what the future holds – is Nepal in a brink of an economic crisis like Sri Lanka?
Although the demand for Nepali labor abroad may be steady, the lack of adequate policies to facilitate migrant workers, the existing bureaucratic bottlenecks and political deadlocks within Nepal remains a challenge.
Foreign direct investment is especially important now for an import dependent Nepal with a widening trade deficit, and declining foreign reserves. Creating a facilitating environment for FDI is important to promote and encourage production within the country..
Nepal should increase surveillance in PoEs and should strictly enforce quarantine of entrants to Nepal.
The answer to a host of green growth issues lies in partnership. Private sector is willing to step in.