Nepal stands at an important juncture where economic stability coexists with deep structural challenges. Despite improvements in inflation, foreign exchange reserves, and other macroeconomic indicators, concerns persist over weak private investment, limited job creation, outward migration, and declining confidence in public institutions. The gap between economic statistics and citizens’ lived experiences continues to shape debates on the country’s development trajectory.
Drawing on insights from economics and public policy, Dr. Kalpana Khanal examines the institutional and policy constraints that hinder Nepal’s economic transformation. She highlights the importance of implementation capacity, productive investment, regulatory predictability, and stronger state-market coordination in creating opportunities that can translate stability into sustained and inclusive growth.
The text is an abridged and translated version of the February 2026 edition of Sambaad @ Samriddhi. Sambaad @ Samriddhi is a monthly discussion on contemporary issues. This discussion was moderated by Arpita Nepal, Director, Samriddhi Foundation.
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