KP Sharma Oli Sworn In as Nepal's Prime Minister for Fourth Term
Oli forms coalition government with Nepali Congress, faces challenges of political stability and balancing ties with India and China.
- Oli, 72, leads a coalition between his Communist Party and the Nepali Congress.
- The new government is the 14th since Nepal became a federal republic in 2008.
- Oli has promised to hand over the prime minister role to Sher Bahadur Deuba later in the term.
- Nepal's political instability has hindered economic development and foreign investment.
- Oli's previous terms saw efforts to reduce dependency on India by strengthening ties with China.
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