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Nepal political parties reach accord on forming new government

Thursday, 26 June 2008


KATHMANDO, June 25 (Bloomberg): Nepal's political parties reached an agreement that will allow lawmakers to vote on forming a new government after more than two months of negotiations following general elections in April.

Leaders of the seven parties in the interim government agreed that the constitution will be amended to allow a majority of lawmakers to approve a new administration, Newpalnews.com reported today.

The Communist Party of Nepal (Maoist), which has most seats in the assembly, will lead a coalition supported by the CPN (Unified Marxist-Leninist), the third largest party. Nepali Congress, the second largest party, will probably join the opposition after failing to forge a power-sharing agreement with the Maoists, Nepalnews.com said.

The Maoists fought a 10-year insurgency to install a communist republic in the country, a conflict that ended with a 2006 accord allowing the rebel party to join the interim government to prepare for April's elections. Nepal's new government will have to deal with food shortages and fuel price rises that sparked a nationwide transport strike this week.