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Nepal's economy is in transition.

Publication: Market Asia Pacific
Publication Date: 01-APR-07 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
The World Bank says that Nepal has "huge potential as it [is] wedged between India and China, two among the world's fastest growing economies." The Bank added, "Nepal now faces a historic moment of great opportunity and hope."

These remarks were made by the World Bank's managing director and were reported by Reuters on February 16, 2007.

The hope and opportunity come after official cessation of hostilities between the government and Maoist rebels with an agreement signed in November 2006. The agreement ended a particularly destructive decade long conflict. The rebels have agreed to join the...

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