Kathmandu, April 2 -- The government of Nepal, quite deservedly, is buoyed by the successful completion of the Nepal Investment Summit organised in Kathmandu from March 29-30. However, real success in attracting investment will depend on the actual realisation of the amount committed during the gathering which is often prone to suffer from the so-called 'John Henry effect'. And, such realisation takes a fairly longer time, generally proportionate to the size of the project. Nepal's own past experience is not at all encouraging. Therefore, premature celebration is simply naive.

Regardless of the prospects of such an inflow, the communist government, right at the moment, was in desperate need of one such 'achievement' on the economic front...