The policies and provisions laid out in the new monetary policy sound promising, but the real struggle would be its fast-tracked implementation.
The increment in the budget for the health sector addresses the need of the hour while re-emphasizing health to be a major priority area.
Primary estimations show that Nepal’s economic growth rate will be 2.3%.
The government has set an ambitious goal of achieving 8% economic growth and 29.8% revenue growth target for the fiscal year 2018/19 beginning mid-July.
The outlined policy agenda is extensive and demanding, requiring consensus-building, persistence, and strong ownership for implementation.
Except for a few episodes of growth spurts, economic growth has largely been low yet volatile in Nepal, mostly stagnating below 5%.