Nepal welcomes New Prime Minister
In our youth voices section, Pranav Pranta writes: the United States resolves to increase its efforts to blend the development assistance investments with global best practices to support Nepal’s success.
The Nepal Communist Party United Marxist Leninist Chairman Khadga Prasad Sharma Oli was sworn in as Nepal’s new Prime Minister at the Office of President on February 15, 2018 in Kathmandu. Oli, 65, had earlier served as the country’s prime minister from October 11, 2015 to August 3, 2016.
According to Nepal’s new constitution, which came out in 2015, a no-confidence motion cannot be moved against a new head of government for two years. And unlike all other recent governments, which were dependent on a laundry list of parties to stay afloat, Oli’s will rest on a resounding majority of the Left Alliance (an alliance between Oli’s UML and Prachanda’s Maoist). The last majority government in the country was in office in 1999. Party officials say that the Maoist chief Prachanda will take over from Oli as prime minister before his five-year term expires under a power sharing deal.
As a leftist government, Oli will be relying mostly on China, since his campaign called for the extension of the Chinese railway network into Nepal and the implementation of hydroelectric, airport and other infrastructure projects to create jobs. Oli’s government hopes to pass a foreign investment bill that addresses barriers to keep investors away as well as job growth stimulation. Oli’s biggest challenge as prime minister will be balancing Nepal’s relationship with its giant neighbors India and China, in addition to managing lingering internal strife stemming from the country’s new constitution and transition from a monarchy.
As for the U.S-Nepal relationship, since April 25, 2015, earthquake in Nepal, the United States has committed to aiding in Nepal’s recovery and reconstruction. The United States pledged approximately $130 million to Nepal during the International Reconstruction Conference in Kathmandu on June 25. U.S. Ambassador Alaina B. Teplitz has been vocal regarding developments in Nepal. In September.14, 2017, The U.S. Government’s Millennium Challenge Corporation (MCC) and the Government of Nepal signed a $500 million compact to spur economic growth and reduce poverty in Nepal. A stable and economically growing Nepal is in the best interest of not just the people of Nepal, but also the region and the United States.
In the upcoming years, we hope that Nepal will develop a successful government and be an example for other developing countries. As Nepal’s next government prepares to lead the country into a new era of political stability and prosperity, the United States resolves to increase its efforts to blend the development assistance investments with global best practices to support Nepal’s success.
Pranav Panta is an undergraduate student in the Virginia Commonwealth University, Richmod, USA.