first 100 days

first 100 days

USAID Administrator Dr. Rajiv Shah visit Nepal

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USAID Administrator Dr. Rajiv Shah visited Nepal in February 25-26, 2014. His trip highlighted this post-election period as a "new day for Nepal," in which the new government has an opportunity to build upon the political stability resulting from the November 19, 2013 elections to promote economic growth by harnessing innovation and private sector investment. The Administrator emphasized key reforms needed to signal to the private sector that "Nepal is open for business"—particularly in the agriculture and energy sectors, which have significant potential to drive economic growth and reduce extreme poverty in Nepal. While multiple GON leaders expressed their desire to focus their first year in office on drafting and passing a constitution after which they would focus on promoting economic growth, Administrator Shah strongly advocated for doing both simultaneously. He noted Nepal's weak per-capita economic growth rate of 3.6 percent from 2008 to 2012 and described the new government's first 100 days as a time to start needed reforms that would encourage investment.