Year: 2025

Private Sector Engagement – Key to sustainable development initiatives

My initial career started with the private sector, first with Anderson Consulting in the USA as change management consultant and later in a premiere financial institution in Nepal. The experiences in these institutions have guided my professional journey and commitment to date. After almost a decade I ventured into the development arena through consulting assignments …

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Happy Anniversary!

Speak without Fear #10 Being comfortable with special-occasion speeches Warmest congratulations to the editor, publisher, and the entire team at the HRM Nepal on your fourth anniversary issue. You’ve built a thoughtful platform for leaders and learners across Nepal, and it shows issue after issue. Your consistency makes our community wiser and workplaces better. Thank …

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I will give KIOCH everything I possibly can

A prominent figure in both public health and medicine, Dr. Bhagawan Koirala has dedicated over three decades to building public institutions and performing as a highly respected cardiac surgeon. Dr. Koirala’s passion for institutional development and healthcare standardisation has established him as a ‘change maker’. He has reformed Nepal’s health system, notably by introducing a …

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Financial Health of Banks in FY 2024/25

Low-base effect fuels bank profit growth but challenges persist Banks’ performance and dividend payouts gained traction in Fiscal Year 2024/25, alongside an improvement in credit expansion. Unlike the situation in 2023/24, which was marked by low credit growth and high provisioning requirements, banks and financial institutions (BFIs) recorded a strong profit last fiscal year, as …

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Lean and efficient government crucial for attracting investment and developing the private sector

One can simply compare our social, economic and political path with that of the rest of the world. In the 1930s, the globe was gripped by an economic crisis, also known as the Great Depression. Before this crisis, two main economic philosophies prevailed: a highly regulated, less market-based system where the state was heavily involved …

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A comprehensive reform package for Nepali economy must

Economic reforms that began in the early 1990s lost their momentum. These initiatives should have been carried forward with robust legal frameworks, resolved procedural hurdles and strengthened institutions. However, higher political leadership failed to prioritise these reforms. Nepal has gone through a long political transition, and all political forces have been focused on gaining power, …

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Gurkha Syndrome

The Remittance-Driven Economic Paradox of Nepal The roots of Nepal’s labour migration lie in the historic Gurkha tradition, which began formally after the Treaty of Sugauli in 1815-16 between Nepal and British India, following the Anglo-Nepalese War. As part of this treaty, Britain gained the right to recruit soldiers from Nepal into the British Army, …

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