ApEx Newsletter: Key events of Oct 2

Greetings from Kathmandu!

Vijaya Dashami, the main day of the Dashain festival, was celebrated across the country with families coming together to offer and receive Tika and blessings from elders. However, Prime Minister Sushila Karki did not participate in the traditional Tika ceremony this year.

Instead, she met with families of the martyrs and emphasized that the government is exploring ways to support them, particularly in education and employment sectors. She remarked, "People in the government did not have enough wisdom," referring to the leadership during the protests. Karki met

The International Monetary Fund (IMF) has approved continued financial assistance to Nepal under the Extended Credit Facility (ECF). The IMF Executive Board endorsed the sixth review of Nepal’s ECF program, signaling confidence in the country’s economic reforms. This approval opens the door for Nepal to access further financial resources under the program.

The National Disaster Risk Reduction and Management Authority has issued a travel advisory ahead of a forecast of significant rainfall between Oct 17 and 20. Moderate to heavy rain is expected in the Koshi, Madhes, Bagmati, Gandaki, and Lumbini provinces. Authorities have urged people to avoid non-essential travel during this period. In light of the forecast, vehicular movement along the Banepa-Sindhuli highway—severely damaged by last year’s monsoon—has been temporarily banned.

With Dashain festivities coming to a close, political activities are expected to pick up momentum. Major parties are gearing up for internal meetings to outline future strategies. The Election Commission, which has already begun preparations for the upcoming elections, is set to hold consultations with political parties. Additionally, the Nepali Congress and CPN-UML are planning to convene an all-party meeting to develop a common stance on key contemporary issues, including electoral matters.

No negotiations have yet taken place between the government and political parties—a necessary step to create a conducive environment for the upcoming elections. The absence of dialogue is raising concerns about the feasibility and credibility of the electoral process.

Adding to the tension, two major political parties—Nepali Congress (NC) and CPN-UML—have strongly objected to the government’s decision to bar former Prime Minister KP Sharma Oli, Home Minister Ramesh Lekhak, and other senior officials from traveling abroad. The decision has been criticized as politically motivated.

In contrast, the CPN (Maoist Center) has remained silent on the matter. According to insiders, party Chairperson Pushpa Kamal Dahal views the growing unpopularity of NC and UML as an opportunity to strengthen the Maoist Center's position. Notably, during the GenZ protests, Maoist leaders were not significantly targeted—something Dahal reportedly sees as a strategic advantage in the shifting political landscape.

Kamal Dev Bhattarai

Editor