Nepal’s score in the Fraser Institute’s annual Economic Freedom of the World Report has stayed within 5.3 to 6.3 (out of 10) since 1980, which was the first year of Nepal’s evaluation in the report, till 2014. This has put Nepal in the bottom quartile of the ranking for most of the evaluation years. While political and civil freedoms have gradually expanded over the years in Nepal, it is worth wondering why has economic freedom not followed suit. Economic freedom has proven to be the recipe for prosperity for countries around the world and examining Nepal’s performance in the framework of Economic Freedom was a relevant pursuit for us as an institute dedicated to finding policy solutions for Nepal’s prosperity.
Therefore, Samriddhi, The Prosperity Foundation came together with US based Atlas Network and Fraser Institute to conduct a Country Audit on economic freedom of Nepal. The process involved seven consultation meetings from April 20-22, 2015 on six headings aimed at examining specific areas of economic policies and understanding how they contributed to the current state of economic freedom in Nepal. This document is thus the executive summary of the full-length Economic Freedom Country Audit Nepal Report.
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