Nepal agrees to caretaker govt ahead of mid-year election

KATHMANDU Mon Feb 18, 2013 9:40pm IST

Nepalese Prime Minister Baburam Bhattarai speaks during an interview with Reuters at his residence in Kathmandu November 5, 2012. REUTERS/Rajendra Chitrakar/Files

Nepalese Prime Minister Baburam Bhattarai speaks during an interview with Reuters at his residence in Kathmandu November 5, 2012.

Credit: Reuters/Rajendra Chitrakar/Files

Related Topics

KATHMANDU (Reuters) - Nepal's main political parties said on Monday they had reached an agreement to set up a unity government before a national election in the middle of the year, in a deal that could end a deadlock after a decade of civil war.

Maoist Prime Minister Baburam Bhattarai, 58, will step down and Chief Justice Khil Raj Regmi of the Supreme Court will head the new administration to oversee the vote in May or June, the parties said.

It was not immediately clear when the leadership change would occur.

The agreement reached between Maoist chief Prachanda and leaders of three main political parties in the presence of President Ram Baran Yadav addresses a major concern of the opposition.

The opposition had demanded that Bhattarai, a former Maoist rebel leader, quit in favour of a caretaker government to oversee delayed elections.

The ballot will choose an assembly that will complete the writing of a new constitution, Nepal's first after the abolition of the monarchy in 2008.

Nepal has been without a parliament since last May when the term of a special assembly expired without completing a draft of the new constitution. An election had been scheduled for last November.

The country has struggled to rebuild itself after a decade of civil war that ended in 2006, leaving more than 16,000 dead.

The ongoing instability has had a knock-on effect on the country's economy, which is heavily dependent on aid and tourism. The International Monetary Fund expects GDP growth to slow to 3.8 percent this fiscal year ending in mid-July compared to 4.6 last year. (Editing by Frank Jack Daniel and Jeremy Laurence)

FILED UNDER:

Reuters Showcase

Stake Sale

Stake Sale

Strong demand for Coal India boosts privatisation drive.  Full Article 

Pharma Deal

Pharma Deal

Sun Pharmaceutical wins U.S. approval to buy Ranbaxy  Full Article 

SpiceJet Bailout

SpiceJet Bailout

SpiceJet board approves up to $243 mln share sale plan  Full Article 

AirAsia Jet Crash

AirAsia Jet Crash

AirAsia captain left seat before jet lost control - sources  Full Article 

India Art Fair

India Art Fair

Art fair turns India's capital into art hub.  Full Article 

Romney Opts Out

Romney Opts Out

Republican Romney opts out of 2016 run for president.  Full Article 

Movie Review

Movie Review

"Rahasya" is an ode to Agatha Christie.  Full Article 

Safety Concerns

Safety Concerns

Aviation leaders seek new safety mandate after deadly 2014.  Full Article 

Movie Review: Hawaizaada

Movie Review: Hawaizaada

Movie Review: Hawaizaada  Full Article | Related Story 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device  Full Coverage