Nepal adopted a unique post-conflict development framework for mobilizing international support and government resources to facilitate its peace process. The main focus of this paper is the role played by the Nepal Peace Trust Fund (NPTF) in Nepal’s transition. The paper concludes that the main strengths of this model were its success in keeping ex-combatants in cantonments by creating a conducive environment, its harmonization of funds from donors and the government, and its contribution to national elections. However, the NPTF’s defects were many, including weak monitoring mechanisms, an inability to prepare for successful rehabilitation and to initiate projects to support transitional justice, and failure to stop the misuse of funds and corruption. Having taken stock of these failures, the paper explores a core reason for them: the NPTF’s isolation from the political process.

The Nuclear Nonproliferation Treaty (NPT) regime once again faces a serious challenge in the run-up to the NPT Review Conference scheduled for April 27 to May 22, 2015. This can be attributed to the perceived delay in implementation of commitments made by the states parties at the 2010 NPT Review Conference. Although the 2015 Review Conference is still half a year away, shaky U.S.-Russia relations, the armed conflict directly involving the Israelis and Palestinians, and the outcome of the U.S. mid-term elections will not be conducive to the review process. Both the nuclear-weapon states and the non-nuclear-weapon states should redouble their efforts to narrow their differences on key issues.