Nepal's Political Unrest: A Costly Disruption

The anti-graft protests in Nepal led to the resignation of Prime Minister K.P. Sharma Oli, costing the country's economy $586 million. The protests resulted in 77 deaths and injuries to 2,000 people, with significant damage to infrastructure. A government initiative for reconstruction has commenced amid fundraising challenges.

The anti-graft protests in September forced the resignation of Prime Minister K.P. Sharma Oli, resulting in a $586 million loss to Nepal's $42 billion economy, according to a government statement on Friday.

Led by youth, the protests resulted in 77 deaths and injured over 2,000 people, destroying public and private infrastructure. Major complexes, including the Prime Minister's office and Supreme Court, were set ablaze. Interim Prime Minister Sushila Karki noted rebuilding costs could exceed $252 million.

The interim government has created a reconstruction fund, raising under $1 million to date. Reconstruction efforts are underway, with Chakrabarti Kantha of the Urban Development Ministry overseeing the rebuilding process. Upcoming parliamentary elections are set for March 5, 2026.

(With inputs from agencies.)