Nepal's New Parliament Convenes After Protests
Analysis based on 8 articles · First reported Apr 02, 2026 · Last updated Apr 02, 2026
The political transition in Nepal, marked by a new, younger government and efforts to combat corruption, could lead to increased stability and investor confidence in Nepal. However, ongoing investigations into former officials and a separate insurance scam highlight persistent challenges that may temper immediate positive market reactions.
Nepal's newly elected lawmakers convened their first parliamentary session on Thursday, April 2, 2026, following deadly anti-corruption protests in September 2025 that toppled the previous government. The new parliament, meeting in a new building, is notably younger, with nearly 60 members under 40. Rapper-turned-politician Balen Shah, leading the Nepal===Rastriya Swatantra Party, became the new Prime Minister after his party won 182 of 275 seats. Rabi Lamichhane, president of the Nepal===Rastriya Swatantra Party, addressed lawmakers, emphasizing change and accountability. The September 2025 protests, triggered by a social media ban, escalated due to widespread anger over corruption and economic hardship, resulting in 76 deaths. An inquiry commission recommended investigating former Prime Minister K. P. Sharma Oli, ex-Home Minister Ramesh Lekhak, and former Nepal===Kathmandu chief district officer Chhabilal Rijal for negligence related to the deaths, though they deny responsibility and no charges have been laid. Separately, Nepal has charged 32 people in a multi-million-dollar insurance scam involving fake helicopter rescues, impacting the tourism industry.
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