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Description

Nepal's pace of growth and poverty reduction has lagged behind that of other South Asian countries. The country diagnostic study-Nepal: Critical Development Constraints-inquires into the causes for Nepal's slow growth vis-à-vis that of other South Asian economies by posing three questions:

• What are the critical factors constraining investments, both domestic and foreign?
• What should policy makers do to revive investment, particularly by the private sector?
• How can the growth be made more inclusive?

The inquiry and the results aim to assist the work of government, development agencies, and the private sector to achieve a higher, more equitable growth path to benefit the people of Nepal.

Contents

• Foreword
• Preface
• Introduction
• Development Performance and Policy
• Critical Constraints to Growth
• Critical Constraints to Inclusiveness
• Governance, Political Economy, and the Institutional Context
• Conclusions and Policy Recommendations
• Bibliography
• References