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COUNTRY FEATURE

Nepal

Interview with Bishnu Rimal, chief political advisor to Prime Minister of Nepal, KP Sharma Oli

Development with protection isour aim Nepal is undergoing profound political and constitutional change following the 2006 ending of a decade-long Maoist insurgency. Following a nationwide Constituent Assembly election in 2008, Nepal was declared a federal democratic republic, and the monarchy was abolished. The ruling coalition comprises the Communist Party of Nepal (Unified Marxist-Leninist) and the Unified Communist Party of Nepal (Maoist). Nepal is among the poorest and least developed countries in the world, with about onequarter of its population living below the poverty line. Nepal is heavily dependent on remittances, which amount to as much as 29% of Gross Domestic Product (GDP). Agriculture is the mainstay of the economy, providing a livelihood

BISHNU RIMAL was appointed as chief political advisor to Prime Minister KP Sharma Oli in November 2015. Oli, who is chairman of Communist Party of Nepal (Unified Marxist-Leninist) (CPN-UML), was elected as Prime Minister in a parliamentary vote in October 2015. Rimal is a member of the Politburo of the CPN-UML and head of the General Federation of Nepalese Trade Unions (GEFONT).

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for almost 70% of the population and accounting for about one-third of GDP. Industrial activity mainly involves the processing of agricultural products, including pulses, jute, sugarcane, tobacco and grain. Nepal was hit by massive earthquakes in early 2015, which damaged or destroyed infrastructure and homes and set back economic development. Additional challenges to Nepal's growth include its landlocked geographic location, persistent power shortages, and underdeveloped transportation infrastructure. Making It: A recent UNIDO report, prepared in cooperation with the Central Bureau of Statistics of Nepal, shows that the manufacturing sector’s


Making It: Industry for Development #21