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Five years of Government: A Review

Nepal has never seen a continued period of stability. Internal political strife and external economic shocks has meant that Nepal has always had to deal with both endogenous and exogenous shocks. Whereas during the global financial crisis of 2007/2008, Nepal was able to shield itself from the global downturn, things are much different today. Since the adoption of the new constitution in 2015, a relatively stable (as compared to a decade earlier) environment has meant that Nepal has been able to successfully integrate, although with some shortcomings, with the rest of the world. This has meant that the global economic downturn and the precautionary measure that followed the world over has had visible effects on Nepal as well.

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