Sunday, August 9, 2015

NPC mulling seven-year 14th plan

National Planning Commission (NPC) is mulling to make 14th 'five-year' plan seven year long.
During discussions on the Approach Paper for the 14th periodic plan today, some planning commission members proposed that the plan – that creates a structure, picks priority areas and sets targets for the country's economic development – be made a seven-year-long one for this time, according to planning commission vice chair Dr Govind Raj Pokharel.
"We have started discussions on the approach paper for the 14th plan from today," he said, adding that different members had put forward varied opinions.
The 14th periodic plan will start from the next fiscal year 2016-17.
Since, Nepal will have seven years to graduate to developing country from current Least Developed Country (LDC) status, some members proposed that we take this into account and align the periodic plan accordingly, Pokharel added.
Nepal is planning to graduate from its current LDC status to a developing country status by 2022.
Earlier, the planning commission had prepared Three-Year Interim Plans thrice due to prolonged political transition. The planning commission had brought three-year interim plans to align with constitution making process from the Constituent Assembly (CA). But historically, planning commission has been bringing five-year plan since almost six decades. But the planning commission has brought three year interim plans thrice since the second political movement of 2008.
The third Three-Year Interim plan (2013-14 to 2015-16) – also the 13th plan – aimed at preparing groundwork for Nepal to graduate to developing country status in the next 10 years from 2013 to 2022.
Though Nepal will technically graduate to developing country before 2022 – as it has already met two of the three criterion set for graduation – its sustainability has been under question, especially after the devastating earthquake of April 25, May 12  and series of aftershocks.
The earthquake floored many buildings – including world heritage sites, public buildings, schools, police posts and important infrastructure in addition to private buildings – pushing as many as a million people into poverty, according to the Post Disaster Needs Assessment (PDNA) report.
Out of the three criterion set by the United Nations Committee for Development Policy, Nepal has already met two – Economic Vulnerability Index (EVI) and Human Assets Index (HAI) – graduate to developing country. But it cannot meet per capita GNI threshold.

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