Jul 31 2025 | २०८२, साउन १५गते
Kathmandu, July 30: A meeting of the National Assembly (NA) today unanimously passed a proposal seeking to discuss a study report regarding the Nepal’s graduation from the least developed country (LDC) to a middle-income developing country. Kamala Devi Panta, President of the Committee on Development, Economic Affairs, and Good Governance, tabled the proposal before the session. The Committee had, earlier on June 19, presented the report to the House. While presenting the proposal, Panta stated that Nepal’s graduation to a middle-income country will likely increase its international trade. However, she also warned that the country may face several post-graduation challenges. The report highlights both the potential benefits and disadvantages of the transition, according to her. Among the three criteria for graduation: human assets, economic and environmental vulnerability index, and per capita income, Nepal has met the first two indicators. However, the per capita income criterion remains unmet, she appraised the Upper House. Panta further added that Nepal may lose access to certain subsidies it currently receives as a Least Developed Country (LDC) and could be required to pay up to two percent interest on World Bank loans. The President also stressed that action plans for the graduation must be prepared and implemented by November 2026. ---
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