Prakash Chandra Lohani
Encyclopedia
Dr. Prakash Chandra Lohani is a Nepal
ese politician, economist
, and co-president and head of the parliamentary department of Rastriya Janashakti Party
(RJP).
He has served as a Minister of Finance, Minister of Foreign Affairs, Minister of Agriculture, Minister of Labor & Transportation, and Minister of Housing & Physical Planning in governments formed during the Panchayat era and in governments formed after the restoration of multi-party democracy.
Dr. Lohani was appointed Minister of Finance in 1987 and 2003. During his tenure as the Finance Minister, for the first time in Nepal, he initiated the process of financial liberalization by introducing policies in favor of privatization
of public enterprises. Growth in Nepal's financial market, especially the emergence of banking sectors, financial institutions can be attributed to the policies enacted by him during his tenure as a finance minister. Nepal's first joint venture backed bank, Indosuez bank (now Nepal investment bank), was established during his tenure.
Dr. Lohani has a keen interest in finance and economics. He has shared his ideas and views at various national and international forums such Woodrow Wilson Center for International Scholars in Washington DC, (chairman) 41st session of the ESCAP in Bangkok and (chairman) Nepal Aid Group meeting in 2004. Dr. Lohani has also published papers in prestigious journals like the University of Chicago
Journal Of Political Economy []
He was a Fulbright scholar who taught as an assistant professor of finance at the California State University, Northridge, California, USA (1968–1969). Dr. Lohani has a MBA degree from Indiana University
and Phd from University of California Los Angeles (UCLA).
Dr. Lohani is a member of Nepal's historic constitution Assembly, which has been tasked with drafting a new constitution. (CA).
Nepal
Nepal , officially the Federal Democratic Republic of Nepal, is a landlocked sovereign state located in South Asia. It is located in the Himalayas and bordered to the north by the People's Republic of China, and to the south, east, and west by the Republic of India...
ese politician, economist
Economist
An economist is a professional in the social science discipline of economics. The individual may also study, develop, and apply theories and concepts from economics and write about economic policy...
, and co-president and head of the parliamentary department of Rastriya Janashakti Party
Rastriya Janashakti Party
Rastriya Janashakti Party is a liberal political party in Nepal, led by former Prime Minister Surya Bahadur Thapa. Thapa had split away from the Rastriya Prajatantra Party in November 2004. The party is registered with the Election Commission of Nepal in March 2005.-Leadership:The party is led by...
(RJP).
He has served as a Minister of Finance, Minister of Foreign Affairs, Minister of Agriculture, Minister of Labor & Transportation, and Minister of Housing & Physical Planning in governments formed during the Panchayat era and in governments formed after the restoration of multi-party democracy.
Dr. Lohani was appointed Minister of Finance in 1987 and 2003. During his tenure as the Finance Minister, for the first time in Nepal, he initiated the process of financial liberalization by introducing policies in favor of privatization
Privatization
Privatization is the incidence or process of transferring ownership of a business, enterprise, agency or public service from the public sector to the private sector or to private non-profit organizations...
of public enterprises. Growth in Nepal's financial market, especially the emergence of banking sectors, financial institutions can be attributed to the policies enacted by him during his tenure as a finance minister. Nepal's first joint venture backed bank, Indosuez bank (now Nepal investment bank), was established during his tenure.
Dr. Lohani has a keen interest in finance and economics. He has shared his ideas and views at various national and international forums such Woodrow Wilson Center for International Scholars in Washington DC, (chairman) 41st session of the ESCAP in Bangkok and (chairman) Nepal Aid Group meeting in 2004. Dr. Lohani has also published papers in prestigious journals like the University of Chicago
University of Chicago
The University of Chicago is a private research university in Chicago, Illinois, USA. It was founded by the American Baptist Education Society with a donation from oil magnate and philanthropist John D. Rockefeller and incorporated in 1890...
Journal Of Political Economy []
He was a Fulbright scholar who taught as an assistant professor of finance at the California State University, Northridge, California, USA (1968–1969). Dr. Lohani has a MBA degree from Indiana University
Indiana University
Indiana University is a multi-campus public university system in the state of Indiana, United States. Indiana University has a combined student body of more than 100,000 students, including approximately 42,000 students enrolled at the Indiana University Bloomington campus and approximately 37,000...
and Phd from University of California Los Angeles (UCLA).
Dr. Lohani is a member of Nepal's historic constitution Assembly, which has been tasked with drafting a new constitution. (CA).