In today’s TKP, I draw attention to Nepal’s burgeoning debt burden and discuss how impulsive decision-making and imprudent policy choices are adding to our long-run fiscal woes.
Keen to receive feedback!
https://t.co/5s7ET4pXId
Had the pleasure of interacting with Bruno Le Maire, France’s former Minister of the Economy — the longest-serving holder of that position since the 1950s. Quite impressed by his silver-tongued nature and refreshing ability to speak straightforwardly on European policy matters. Keen to see whether he can make a strong political comeback.
विषयवस्तु प्राविधिक चमत्कार र कृत्रिम बौद्धिकतामा क्षेत्रीय स्वाधीनताबारे थियो, विशेषगरी अहिले अमेरिका र चीन ले एकाधिकार लिँदै आएको AI/tech सप्लाई चेनमा युरोपले आफूलाई कसरी स्थापित गर्न सक्छ भन्नेमा केन्द्रित थियो।
मैले पनि यसका लागि निजी क्षेत्रको अगुवाइमा हुने लगानीलाई national-level तथा pan-European स्तरका सार्वजनिक संयन्त्रमार्फत de-risk गर्नुपर्ने धारणा राखें।
प्यानलमा रहेका राजनीतिक नेतृत्व र tech CEO हरूले मुन्टो हल्लाउँदै, यस सम्बन्धमा भइरहेका २–४ वटा पहलबारे कुरा गर्न थाले। समग्रमा रमाइलो छलफल भयो।
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Had a wonderful time discussing the role of the public sector in supporting private capital mobilization by providing de-risking mechanisms, particularly for large-scale early-stage tech ventures.
Kicking off the St. Gallen Symposium this morning with an intense conversation on whether abandoning the liberal democratic system of governance or rather the strengthening it is an answer to an increasingly fragmented world order.
Honored to have been selected as a Leader of Tomorrow to partake at the 55th St. Gallen Symposium.
Eager to connect with political leaders, entrepreneurs, and next generation doers this week as we delve into inter-generational dialogue on demography, technology, and geopolitics.
The UAE exploring a swap line with the US should give us pause that the consequences of the Iran conflict are far greater than what we see priced in markets. Such explorations do not arise lightly, even behind closed doors.
Thank you Hon. @nsitharaman, we are keen to buttress our age-old civilizational ties with modern economic aspirations. Much to learn from Indian reforms under your stewardship over the past 7 years. Greatly looking forward to working with you!
PhD सम्पन्न --
चार मुर्धन्य अर्थशास्त्रीले मेरो थेसिस स्वीकार गरेसँगै मेरो PhD (Economics) अध्ययन पूरा भएको छ।
कक्षा १ देखि हालसम्मको करिब २० वर्षको निरन्तर अध्ययनको यात्रामा म र मेरो परिवारको शून्य खर्च र उल्टै आर्जन गरेरै औपचारिक शिक्षा सकाउन पाएकोमा कृतज्ञ छु। विभिन्न अन्तर्राष्ट्रिय छात्रवृत्तिमार्फत भने मेरो शिक्षामा १० करोडभन्दा बढी लगानी भएको रहेछ।
मैले कखरा सिकेको श्री शिव प्रावि (गोरखा), आत्मविश्वास र महत्वाकांक्षाको जग दिएको गण्डकी बोर्डिङ स्कुल (पोखरा), विश्व नागरिक बन्ने ढोका खोलिदिएको Pestalozzi International (वेलायत), र अब्बल विश्वस्तरीय क्षमता विकास गरिदिएको Duke University (अमेरिका), University of Oxford (वेलायत), र स्विस फेडेरल इन्स्टिच्युट अफ टेक्नोलोजी (स्वीजरल्यान्ड) प्रति म सधैं ऋणी छु। यी सबै शैक्षिक धरोहरहरूमा मलाई अनुशासन र ज्ञानको अनवरत खोजीमा मार्गदर्शन गर्दै अध्यारोबाट उज्यालोतर्फ डोर्याउनु हुने सम्पूर्ण गुरुजनलाई विशेष नमन छ।
आफूले औपचारिक शिक्षाको अवसर नपाए पनि शिक्षाको महत्वलाई अहम् ठानेर दियो बालिदिनुहुने मेरा आमा-बुबा, भाइका लागि संघर्ष गर्नुभएका मेरा दिदीहरू भिनाजुहरू, म आफूलाई सधैं विशेष छु भन्ने अनुभूति गराउने मेरी श्रीमती, मलाई नै उदाहरण मानेर आत्मविश्वास भरिदिने भान्जा-भान्जीहरू, जीवनमा ऊर्जा र उल्लास भरिदिने मेरा सम्पूर्ण परिवारजन, आफन्तजन, मित्रहरू, र परिचित/अपरिचित शुभचिन्तकहरू सबै विना यो यात्रा असम्भव नै थियो -- तपाईंहरू सबैले नै हो “म” बनाउनुभएको।
औपचारिक शिक्षाको प्रक्रिया पूरा गरे पनि सिकाइ, भोगाइ, र बुझाइलाई निरन्तरता दिने नै छु र पाब्लो पिकासोको यो भावद्वारा निर्देशित भइरहने छु: “जीवनको लक्ष्य आफ्नो वरदान भेट्नु हो, तर जीवनको सार्थकता त्यो वरदान अरूलाई बाँड्न सक्नुमा छ।” [The meaning of life is to find your gift. The purpose of life is to give it away. - Picasso]
Globally, most electricity (~97% of total supply) dont cross borders. It's consumed domestically. It’s not an opinion.
Exports matter. Revenues matter. Cross-border trade matters. More crossborder power grids are being integrated globally.
Just saying: exporting electricity isn’t how today’s high-income countries got there. Domestic demand is the real game, and even more so in today’s increasingly buyer-leaning market. @sudheerktm
A busy first day as your Mayor-elect: early morning interviews, transition announcements and meetings. More to say on all of it tomorrow.
But a highlight was lunch with my Congresswoman @AOC at Laliguras Bistro in Jackson Heights.
Breaking News: Zohran Mamdani, a 34-year-old state lawmaker from Queens, will be the 111th mayor of New York. He will be the first Muslim to ever lead the city, as well as its first South Asian mayor and the youngest mayor in more than a century.
https://t.co/7tewUOBm0A
In The Kathmandu Post today, Sisir Bhandari and I discuss burgeoning debt level in South Asian economies by looking into structural and idiosyncratic determinants of borrowing needs and advise fiscal decisionmakers to remain wary of the trend.
Link to the article in the comment.
"The engine of economic growth is, was, and will always be technological creativity."
With this quote from Prof. Mokyr, I congratulate the Nobels in economics for this year!
BREAKING NEWS
The Royal Swedish Academy of Sciences has decided to award the 2025 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel to Joel Mokyr, Philippe Aghion and Peter Howitt “for having explained innovation-driven economic growth” with one half to Mokyr “for having identified the prerequisites for sustained growth through technological progress” and the other half jointly to Aghion and Howitt “for the theory of sustained growth through creative destruction.”
#NobelPrize
One model (#ICON) shows extremely heavy rain in #Kathmandyu (forecast of total rain for the next 2 days👇) but other two models do not agree. Few places in Bagmati and Madhesh may receive more than 300 mm of rain so take it seriously. Avoid road travel tomorrow night!! #StaySafe
कुरुक्षेत्रमा विजय पाए पनि गहिरो सन्तापमा डुबेका युधिष्ठिर भन्छन् -
"राज्यं मृतकसंकाशं प्रजाशून्यं निराकृतम्।
अहो दुःखमिदं प्राप्तं युद्धेनेति मते मम॥"
अर्थात्, यो राज्य प्रजा र आनन्दविहीन, मृतकभूमि जस्तो लाग्छ।
अफसोस! युद्धको एक मात्र फल पीडा हो।
नव-नेपालमा स्वागत छ।