The IPL’s financial success largely stems from its media rights, which were sold for INR 4,838 billion (USD 6.2 billion) in 2022. NPL, by contrast, currently pays NPR 40-50 million (USD 370,000) to broadcasters like Star Sports for coverage.
The concept of smooth transition embodies the principle that LDC-specific support should be phased out gradually and predictably following graduation, so as not to disrupt the development process of the graduating country.
A significant number of stolen idols remain unaccounted for, which has highlighted the need for continued efforts to locate and repatriate them.
As Nepal moves toward its goal of becoming a developing country upon its LDC graduation in 2026, it is unrealistic to expect the government to fully finance the shift, given the socio-economic progress achieved through the linear model.
Another issue underscored by the recent flash flood is the shifting rainfall patterns attributed to climate change, particularly evident in the Himalayan region.
Capacity building in at least three key areas would be critical for the graduating countries to make their progress irreversible.