Why Nepal needs economic reconstruction

The country must stop treating agriculture, industry, energy and IT as competing silos.

Finance Minister Swarnim Wagle recently unveiled the Nepal Economic Status Paper , providing a sobering diagnosis of the economy. While the nation sits on billions of rupees in idle liquidity, the real economy remains in clinical paralysis—‘locked’ by a regulatory brake . According to the latest Nepal Rastra Bank (NRB) data, a spike in sector-wide Non-Performing Loans (NPLs), or bad debt, has forced commercial banks to set aside massive provisions, leaving them legally unable to lend, even if they have the cash.