Government Report Exposes Crisis in Nepal's Cooperative Sector Amidst Financial Irregularities
A government inquiry report has revealed a deepening crisis within Nepal's cooperative sector, attributing it to widespread financial irregularities, embezzlement of funds, and weak regulatory oversight. The report indicates a significant erosion of public trust in these institutions, which were intended to be a vital part of the economy. Minister for Land Management, Cooperatives and Poverty Alleviation, Pratibha Rawal, has stated the government's commitment to implementing the commission's recommendations to reform the sector.