Nepal has figured in 102nd position out of 130 countries with a poor score of 4.4 out of 10 in the International Property Rights Index (IPRI) 2012.
As per the new edition of IPRI released by Samriddhi, The Prosperity Foundation - partner thinktank in Nepal for Property Rights Alliance (PRA) based in Washington, DC on Thursday, Nepal has scored 3.2 in Legal and Political Environment (LP), 5.9 in Physical Property Rights (PPR) and 4.1 in Intellectual Property Rights (IPR). With this score, Nepal lies on the 4th quintile out of the five quintiles.
Gender equality in Property Rights is another important aspect of the report which highlights the disparities in property rights between men and women, which is more striking in the developed countries. In this context of Property Rights and Gender Equality, Nepal ranks at 68th this time along with Zambia and Uganda.
“Nepal’s IPRI score has improved in the last two years with an increase of 0.4 in score in 2011. Nepal's score earlier had been a stagnant 4.0 from 2008 to 2010. LP has had trouble increasing due to decreases in its subcategories of Rule of Law, Political Stability, and Control of Corruption.” said reports.
Samriddhi as a partner for PRA has been releasing the IPRI in Nepal since 2011, which is one of the most comprehensive international measurements of property rights around the world.
From measuring the status of 70 countries in the first edition, the IPRI has grown to examine 130 countries in its sixth edition in 2012.
The IPRI scores and ranks each country based on 11 factors reflecting the state of its LP, PPR and IPR. nepalnews.com