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Honoring Nepal's six-time Finance Minister Dr. Ram Saran Mahat in New York PDF Print E-mail
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Written by Pradeep Pariyar Thapa Magar   
Monday, 25 January 2016 19:00

Exclusive: 10 photos, 1 video: New York- Honoring Nepal's 6-time Finance Minister Dr. Ram Saran Mahat who was chosen as 'Global & Asia Pacific Finance Minister of the Year 2016 by London-based The Banker magazine which is sister publication of influential The Financial Times newspaper. The reception was hosted in New York by Nepali Jana Samparka Samiti America on January 25, 2016.

Nepal's ex-Finance Minister Dr. Ram Sharan Mahat who was chosen as 'Global & Asia Pacific Finance Minister of the Year 2016 by London-based The Banker magazine, felicitated in New York by Nepali Jana Samparka Samiti America on January 25, 2016. Photos by Pradeep Thapa for USNepalOnline

The magazine cited that Dr. Mahat played a vital role of rescue and rally world effort to help victims of the earthquake that had hit Nepal on April 25, 2015 that killed more than 8,000 people and made millions homeless.

Exclusive video:विश्वकै उत्कृष्ट अर्थ मन्त्री डा. रामशरण महतको न्यू योर्कमा स्वागतHonoring Nepal's 6-time Finance Minister Dr. Ram Saran Mahat in New YorkExclusive: New York- Honoring Nepal's 6-time Finance Minister Dr. Ram Saran Mahat who was chosen as 'Global & Asia Pacific Finance Minister of the Year 2016 by London-based The Banker magazine which is sister publication of influential The Financial Times newspaper. The reception was hosted in New York by Nepali Jana Samparka Samiti America on January 25, 2016.The magazine cited that Dr. Mahat played a vital role of rescue and rally world effort to help victims of the earthquake that had hit Nepal on April 25, 2015 that killed more than 8,000 people and made millions homeless.According to World Bank, "He is widely acknowledged as one of the key architects of the economic reforms in the Post 1990 period which brought significant improvements in Nepal's economy with higher growth, progress in human development indicators and decline in poverty level. His tenure also saw many reforms in the public expenditure management, finance and banking, and revenue reforms including the introduction of the Value Added Tax. He was the principal author of Nepal's Eighth Plan which brought about sweeping policy changes in the economy, with greater role to the private sector in economic activities. "He has been Nepal's Finance Minister six-time since 1994. Prior to that, he was Vice President of National Planning Commission of Nepal Government for three years and Foreign Minister between 1999-2000. Currently, he is the member of Nepal's parliament and leader of Nepali Congress Party.Where does Nepal Stand in world development ranking? Despite his achievement, unfortunately, Nepal is, still, one of the poorest countries in the world. Nepal ranked 145th of total 188 countries in the world according to United Nations Development Programme (UNDP)’s Human Development Index 2015. It was 142nd of 177 countries in 2007/2008 index. In fact, Nepal is also the poorest of the poor among the 48 Least Developed Countries (LDCs). According to United Nations Development Programme (UNDP) it takes measures of social progress, economics, efficiency, equity, participation and freedom, sustainability and human security to determine the Human Development Index of each country.Nepal’s Misery: 50 Years and more to get out of LDCs?The United Nations Conference on Trade and Development (UNCTAD) report estimates that Nepal and 11 other least developed countries (LDCs) will reach the income threshold in more than 50 years. Joining in Nepal’s least team nations are: Gambia, Democratic Republic of the Congo, Rwanda, Madagascar, Malawi, Liberia, Niger, Central African Republic, Guinea-Bissau, Haiti and Benin. Nepal is listed just above Benin, the last country on the list in UNCTAD's 2008 report.Will this facts and figures about Nepal's grim situation provide enough inspiration for our world's best Finance Minister to work towards the betterment of people of his/ours beloved fellow citizens ?-Pradeep Thapa Magar in New YorkRead full news update: http://www.usnepalonline.com/english/homoring-nepals-six-time-finance-minister-dr-ram-saran-mahat-in-new-york.html

Posted by USNepalOnline.com on Monday, January 25, 2016

According to World Bank, "He is widely acknowledged as one of the key architects of the economic reforms in the Post 1990 period which brought significant improvements in Nepal's economy with higher growth, progress in human development indicators and decline in poverty level. His tenure also saw many reforms in the public expenditure management, finance and banking, and revenue reforms including the introduction of the Value Added Tax. He was the principal author of Nepal's Eighth Plan which brought about sweeping policy changes in the economy, with greater role to the private sector in economic activities. "

विश्वकै उत्कृष्ट अर्थ मन्त्री डा. रामशरण महतको न्यू योर्कमा स्वागतHonoring Nepal's 6-time Finance Minister Dr. Ram...

Posted by USNepalOnline.com on Monday, January 25, 2016

He has been Nepal's Finance Minister six-time since 1994. Prior to that, he was Vice President of National Planning Commission of Nepal Government for three years and Foreign Minister between 1999-2000. Currently, he is the member of Nepal's parliament and leader of Nepali Congress Party.

He was born in Kabilas-1, Nuwakot on January 1, 1951.

Where does Nepal Stand in world development ranking?

Despite his achievement, unfortunately, Nepal is, still, one of the poorest countries in the world. Nepal ranked 145th of total 188 countries in the world according to United Nations Development Programme (UNDP)’s Human Development Index 2015. It was 142nd of 177 countries in 2007/2008 index. In fact, Nepal is also the poorest of the poor among the 48 Least Developed Countries (LDCs). According to United Nations Development Programme (UNDP) it takes measures of social progress, economics, efficiency, equity, participation and freedom, sustainability and human security to determine the Human Development Index of each country.

Nepal’s Misery: 50 Years and more to get out of LDCs?

The United Nations Conference on Trade and Development (UNCTAD) report estimates that Nepal and 11 other least developed countries (LDCs) will reach the income threshold in more than 50 years. Joining in Nepal’s least team nations are: Gambia, Democratic Republic of the Congo, Rwanda, Madagascar, Malawi, Liberia, Niger, Central African Republic, Guinea-Bissau, Haiti and Benin. Nepal is listed just above Benin, the last country on the list in UNCTAD's 2008 report.

Will this facts and figures about Nepal's grim situation provide enough inspiration for our world's best Finance Minister to work towards the betterment of people of his/ours beloved fellow citizens ?

-Pradeep Thapa Magar in New York. Comments? 917-570-1098 or pradeepthapa@gmail.com

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