Better early

A strengthened monitoring, evaluation and payment system can ensure timely capital expenditure.

Torrential rains often signal the onset of the early monsoon month of Asar. But when it rains money on roads and project sites, we may consider that, too, to be a sign of the month’s onset. Each year, as the fiscal year enters the eleventh month, government agencies and contractors wake up from their slumber and pull up their socks to either make payments or work for the payments received. Last-minute capital spending repeats each financial year, exposing the inefficiency with which Nepal’s development sector operates. This model of “development” has a nomenclature of its own— Asarey Vikaas .