KATHMANDU, May 4: Finance Minister Dr Swarnim Wagle has said Nepal is witnessing an unprecedented generational shift in political leadership, urging the private sector to adapt its mindset and working style to the changing political landscape.
Speaking at the opening session of the 60th annual general meeting of the Federation of Nepalese Chambers of Commerce and Industry, Dr Waglé said the country appointing a 36-year-old prime minister and having a 50-year-old finance minister as the oldest member of the Cabinet reflects a significant transformation in national politics.
“Just four or five months ago, few would have imagined that a 36-year-old prime minister would be confidently leading the country,” he said. “Likewise, it would have been hard to believe that someone who has just crossed 50 would become the oldest member of the Cabinet. We once believed people had to be nearly 80 before becoming prime minister or senior political leaders. This is a major change.”
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The finance minister also said the current government would take a tougher stance against middlemen culture and corruption entrenched within Nepal’s political and administrative systems.
He said that the long-standing culture of getting work done through personal connections and influence was coming to an end.
Dr Waglé stressed that Nepal cannot achieve economic development without the private sector, but said businesses must also reform their approach and expectations.
He argued that the country’s discretion-based bureaucracy and regulatory practices have made it extremely difficult for honest entrepreneurs to operate businesses fairly and transparently.
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