Time is of the essence

Every little measure should be taken to ensure economic stability at a precarious time.

The repercussions of a decision may not be felt immediately, especially when it concerns a strategic matter. The government has been facing flak for not doing enough, and whatever it has done has been too little too late. For this reason, the impact on the economy has been surfacing on multiple fronts. Frequent lockdowns to stem the spread of Covid-19 severely strained the economy and wreaked havoc in Nepal during 2020 and most of 2021. Businesses have long complained about the government’s ineptitude in handling the after-effects of Covid-19, especially its impact on a once-thriving market and a healthy foreign exchange reserve.