Launch of The International Property Rights Index 2011

Chiranjibi Nepal on IPRI 2011

On March 22, 2011, Samriddhi, The Prosperity Foundation released the “International Property Rights Index 2011” at the Singha Hotel, Kathmandu.

The program featured the release of this year’s report along with Nepal’s status in terms of Property Rights. It also featured opinions on relevant issues and topics  from related experts in Nepal. This year’s report also contained a case study from Nepal authored by Krishna Neupane, titled A Half Century of Land Reform: Nepal’s Experience, which added to the discussion of Property Rights in Nepal.

At the event, Prateek Pradhan, Editor-in-chief, Karobar Daily, talked about how the complexity of our legal system was inevitably complicating everything else and that media played a large role in making people aware of their rights and its uses and what we as a country could do to better obtain economic freedom.

Since 2008, Nepal’s IPRI has remained at a stagnant 4.0 until 2011. LP (Legal and Political Environment) index has had trouble increasing due to decreases in its subcategories of Rule of Law, Political Stability, and Control of Corruption. In 2011, Nepal is overall ranked 100th out of 129 countries with a poor score of 4.4 out of 10 in overall Property Right Status where it has scored 3.2. in Legal and Political Environment (LP), 5.8  in Physical Property Rights (PPR) and 4.1 in Intellectual Property Rights (IPR). With this index, Nepal lies on the bottom 20 percent of the quin-tile.