Nepal's New Leader Vows to Tackle Corruption and Rebuild Nation
Nepal's interim Prime Minister, Sushila Karki, has vowed to combat corruption, create employment, and improve living standards following youth-led protests that resulted in significant unrest and government change. The events have significantly impacted Nepal's economic outlook, causing extensive property damage and potential financial losses up to $1.5 billion.
Nepal's interim Prime Minister Sushila Karki vowed to address corruption, generate jobs, and enhance living conditions in the wake of youth protests that ousted the previous government. Her remarks mark her first public statement since assuming office.
The violent demonstrations, which led to at least 72 fatalities and substantial damage to public and private properties, highlighted frustrations towards systemic corruption and governance failures. Karki acknowledged the protests' alignment with constitutional aspirations for better governance and prosperity.
Amidst this backdrop, Karki, appointed following discussions with protest leaders, the president, and military officials, is preparing for parliamentary elections slated for March 5. The unrest not only poses risks to Nepal's economic stability but may also impact its credit standing, as noted by Fitch Ratings.
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