Nepal Investment Summit 2019, held in Kathmandu on 29-30 March, was so well attended that the Minister of Industry, Commerce and Supplies couldn’t even find a vacant seat in the opening session of the conference.
What CK Raut couldn’t achieve with years of protests and agitation, he secured with the stroke of a pen. Earlier this month, the government signed a peace pact with the Alliance for Independent Madhesh (AIM), a largely peaceful but secessionist movement that seeks to break out an independent Madhes from Nepal. Raut, the coordinator for AIM, signed the peace pact.
Foreign aid is helping to accelerate Nepal’s transition to a socialist State. By working largely through government systems, foreign aid has magnified the dependency on the State, stunted the maturity of civilian non-State institutions and nullified change agents.