Governance

Debt service payments by developing countries have soared by $74 billion in a single year, from $847 billion to $921 billion.

Though Nepal has introduced climate budget tagging to track climate-related public spending, gaps remain in strategy, transparency, and alignment with national climate goals.

Meanwhile, UNHCR alongside partners is working to address the urgent needs of those arriving – food, water, shelter, protection. However its programmes are also under severe strain due to limited funding.

The Summit served as a dynamic platform for sharing replicable models, policy insights, and grounded innovations in the urban built environment.

Since the military coup in February 2021, nearly 6,800 civilians have been killed and over 22,000 remain arbitrarily detained, he said. Humanitarian needs have soared, with nearly 22 million people in need of assistance and more than 3.5 million displaced by conflict.

There have been downward pressures on US financial asset prices as reflected in equity market volatility, a weakening dollar and higher long-term 30-year government bond yields.

Formalized under the ICA-EU Financial Framework Partnership Agreement Phase 2, the MoU reflects a shared commitment to elevating smallholder farmers—especially women and youth—as stewards of agricultural transformation.

President Paudel expressed concern over Nepal’s increasing reliance on imported rice and paddy. He underscored the importance of adopting climate-smart technologies and making use of domestic human resources to foster self-reliance in agriculture.