Finance and Economy

ILO’s Nepal country director Numan Özcan says that with evidence-based planning, increased investment, and inclusive social dialogue, the country can turn a potential setback into a catalyst for sustainable, job-rich development.

The world has faced oil shocks before. This one, Birol made clear, is different – deeper, wider and more dangerous. How governments respond in the coming weeks will determine whether the pain remains temporary or becomes a lasting scar on the global economy.

Experts tracking these trends note that sustained improvements in female LFPR could play a pivotal role in achieving broader economic goals, including higher productivity and inclusive growth.

The report stresses the need for drastic improvements in the public procurement system. Recommendations include establishing clearer bid evaluation criteria, strictly screening abnormally low bids that often lead to abandoned contracts, and enhancing the government’s e-procurement system.

The transition will require careful policy planning to ensure that the gains achieved over decades are not undermined by sudden changes in trade and development frameworks.

Reiterating the government’s broader vision, Chouhan said that these initiatives collectively aim to build a system where farmers are not only assured of better income but are also protected against risks, thereby strengthening the foundation of a resilient and self-reliant agricultural sector in the country.

Despite the escalating emergency, the Taliban administration has continually sought to project an image of economic stability. Yet, the stark realities on the ground – shuttered trade routes, skyrocketing grocery bills, and overcrowded malnutrition clinics – tell a vastly different story.

Structural weaknesses persist: low GDP per capita, exposure to external shocks and natural disasters, and governance metrics that lag behind ‘BB’-category peers.