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Court to fi ght corrup� on and injus� ce; and
(17) Developing na� onal consensus on establishing Interna� onal
Financial Services Center in Nepal.
Conclusion
In conclusion it is recommended that eff orts should be made to
gradually reduce the extent of disguised unemployment in informal sector
and promote self-employment in both rural and urban areas. A top priority
should be to expedite investment in mega-projects especially infrastructure
such as road and hydropower not only to create employment opportuni� es
at home but also for achieving double-digit growth with substan� al poverty
reduc� on. Since employment is a key to development, it is also necessary
to promote safe, decent and lucra� ve employment at home and abroad by
impar� ng technical and voca� onal educa� on comprising basic knowledge
of English, Mathema� cs and Computer, which would certainly help increase
the fl ow of remi� ances. There is also need to modulate educa� on, health
and nutri� on policies to improve quality of human resources instrumental
to compete at interna� onal labor market for middle level manpower and
maximize the benefi ts from globaliza� on.
While selec� ng development projects adequate a� en� on should
be provided to Medium Term Expenditure Framework (MTEF), Poverty
Reduc� on Strategy Paper (PRSP), and Millennium Development Goals
(MDGs) especially to expedite foreign assistance from donor communi� es
for growth and poverty allevia� on. In addi� on, it is essen� al to develop
infrastructure by a� rac� ng FDI in coopera� on with private sector such as:
(a) High-ways and expressways connec� ng east-west across mountainous
region and north-south across three ecological regions; (b) Railways
connec� ng India across east-west terai; (c) Ropeways with country-wide
networking; (d) Construc� on of interna� onal airport at Lumbini, Biratnagar
and Pokhara; (e) Building of fast-track tunnel road connec� ng Kathmandu
and Hetauda, and construc� on of outer ring-road in Kathmandu valley under
BOOT arrangement; (f) Opera� on of electric train in Kathmandu Valley; (g)
Construc� on of railway connec� ng Khasa, Chinese border and Lumbini
via Kathmandu; (h) Construc� on of cross-border railway links between
Nepal and India via major southern customs points; and (i) Produc� on
of hydropower equal to 2,500 MW to meet domes� c requirements and
eliminate load-shedding by 2015, and also for expor� ng surplus electricity
to India in future.
In addi� on, NRN should be encouraged to develop hydropower, construct
star hotels, operate cable cars at important tourist des� na� ons and run trolley
bus services in major ci� es, establish hospitals and educa� onal ins� tu� ons
at interna� onal level, and preserve and develop biodiversity especially ecosystem
and species for commercial u� liza� on. Economic corridors, export
processing zones, and special economic zones should be set-up at various
industrial loca� ons, and dry-ports should be constructed to speedily back up
Changing paradigms of aid eff ec� veness in Nepal 35