What Nepal can learn from St Kitts and Nevis

The country's challenge is attracting more capital and utilising investment for tangible development.

St Kitts and Nevis, a small two-island nation in the Caribbean, once plagued with high public debt, decline of its outdated sugar industry, limited revenue sources and a weak domestic economy, today boasts a GDP of $1.1 billion. It also has a high literacy rate, a high quality of life and a favourable FDI structure that fosters steady economic growth. Nepal, in comparison, despite its rich natural resources, extensive hydropower potential, strategic location between India and China, a fairly large working population and increasing potential in the IT sector, remains heavily reliant on remittances and foreign aid.