Financial Times FT.com

Maoists in Nepal to embrace capitalism

By Binod Bhattarai in Kathmandu

Published: April 16 2008 18:54 | Last updated: April 17 2008 02:18

Nepal’s Maoists, poised to win a clear majority in the country’s constituent assembly, will work with other parties to set up a federal democratic republic with a capitalist economy, a party leader told the Financial Times on Wednesday.

“We are fully committed to building a good coalition with other political forces,” said Baburam Bhattarai, who as a member of the central secretariat of the Communist party of Nepal (Maoist) is seen as the group’s number two leader and a likely candidate to be prime minister.

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