Not only on the internal resource mobilization front, government suffered setback on external resource mobilization (both grant and loan), too. Available data reveal that in the last five years, on average, only about 51 percent of the targeted foreign loan has been received, the achievement being only 42 percent last FY. More than seven hundred thousand people left the country for employment outside of Nepal, which is an indication of deplorable condition within the country.
By Dr. Tilak Rawal Oct 12, 2023
With the professional and institutional backing of the Ministry of Foreign Affairs, Prime Minister Pushpa Kamal Dahal Prachanda made two highly significant visits to China and UN, signaling a positive shift in Nepal's foreign relations. During his two visits, which included a week-long journey to China and a global gathering at the 78th UNGA in New York, Prime Minister Prachanda made impressive moves while keeping in mind the sensitivity of neighboring countries and the limitations of his own country. The Foreign Ministry and its team, led by Foreign Minister Narayan Prasad Saud and Foreign Secretary Bharat Raj Paudyal, provided all-out support to ensure successful visits. Some experts in foreign relations have referred to the visits as a recalibration of Nepal's foreign policy.
By Keshab Poudel Oct 12, 2023