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Nepal

CrisisWatch Nepal

Unchanged Situation

Political parties remained fixated on local elections slated for mid-May amid signs of looming economic crisis. Five-party ruling alliance 20 April reached deal dividing up mayoral and deputy mayoral candidacies for 17 key local election races planned for 13 May; several local leaders of ruling Nepali Congress criticised move, claiming PM Sher Bahadur Deuba had made decision unilaterally without consulting party’s wider membership. Meanwhile, fears grew of potential economic crisis due to increase in inflation, decrease in remittances, and growing balance of payment deficit, all of which have created multiple pressures on Nepal’s import-reliant economy. Central Bank 12 April reported that inflation was over 7 per cent (highest levels in nearly five years), balance of payment deficit was over $2bn, and foreign exchange reserves were sufficient for fewer than seven months. Finance Minister Janardan Sharma 8 April suspended Central Bank governor for supposed incompetence and leaking of sensitive information in move widely perceived as politically-motivated given governor was appointed by previous KP Oli-led govt; Sharma 11 April also dismissed concerns of potential crisis as misinformation.

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Report / Asia

Nepal’s Constitution (II): The Expanding Political Matrix

Nepal’s major political parties must urgently agree on a roadmap to negotiate on federalism and write the new constitution, whether by holding elections to a new Constituent Assembly or reviving the previous body.

Also available in Nepali
Report / Asia

Nepal’s Constitution (I): Evolution Not Revolution

Nepal’s major political parties must urgently agree on a roadmap to negotiate on federalism and write the new constitution, whether by holding elections to a new Constituent Assembly or reviving the previous body.

Also available in Nepali
Op-Ed / Asia

Moment of truth

Originally published in República

Briefing / Asia

Nepal’s Peace Process: The Endgame Nears

With the future of the Maoist combatants finally settled, Nepal’s peace process has gained momentum after a long stalemate, but challenges remain, particularly the design of a new federal state and evolving coalition and factional dynamics of the parties.

Also available in Nepali
Report / Asia

Nepal: From Two Armies to One

Nepal’s Maoist combatants urgently need to be integrated into the national security forces and rehabilitated or retired to consolidate the peace process.

Also available in Nepali