Nepal’s entry into the era of federalism came with the promise of more power to the local level and prosperity in areas previously neglected by the central power structures. As part of this move towards decentralization, local governments across all seven provinces of Nepal were granted increased authority and responsibility to promote and support economic development.

Energy is a critical resource necessary for a country's economic development. Despite this, many nations struggle to generate enough energy to meet their economic goals. Nepal, on the other hand, faces a unique challenge: although it produces abundant green energy in the form of hydroelectricity, at least in the wet season, it struggles with its proper utilization.

The growing interest of neighboring investors in Nepal’s hydropower reaffirms that energy is an area where all the countries of South Asia have much to gain through cooperation, and  Nepal’s surplus electricity would fulfill their power demands at a considerable level. It would support transforming Nepal’s economy in a new horizon by fulfilling Nepal's dreams of earning hydro dollars.

Despite frequent occurrences of the unique series of political changes, the only gain that has hardly happened in Nepal for a long time is ‘expected economic development’. Often, leaders claim that the nation is about to experience exceptional and exemplary transformation.

KATHMANDU, Dec 9: A report prepared by Nepal Rastra Bank has pointed out the need for financial access for the economic development of Province-1.

KATHMANDU, Jan 6: The government of Japan is to provide Rs 10.39 billion 'policy loan' assistance for Nepal's economic development and productivity.

Human development should be seen as an extensive, innovative, appreciative and community procedure, rather than a simple expansion of health, education and income. The developing world should focus on constructing the basic human capabilities for a rational development. Human development is the key theoretical measure of socio-economic progress.

KATHMANDU, Oct 23: Leader of the main opposition Nepali Congress Gagan Thapa has remarked that there is no good reason to be exhilarated over the performance of the Oli-led government.

KATHMANDU, May 14: Prime Minister KP Sharma Oli, who is currently paying official visit to Cambodia, has said that Nepal can learn a lot from Cambodia's rapid economic development.

NAWALPARASI, Feb 1: Deputy Prime Minister and Defence Minister Ishwor Pokhrel today pointed out tourism as an important way to carry out economic development activities of the country.