EFSAS comments on the 20 November General Elections in Nepal
November 25, 2022
Empty pre-election political promises to double or quadruple the GDP would not have enamored Nepali youth who have for long been struggling under the weight of rising unemployment and rampant inflation. Retail inflation has been hovering at six-year highs of about eight percent in a nation where one in five people live on less than $2 a day. Incessant political instability has also discouraged investors. Tourism, which contributed four percent to the GDP before the pandemic, has yet to fully recover.
