K P Sharma Oli has been appointed as Nepal's Prime Minister for the fourth time following the collapse of his predecessor Pushpa Kamal Dahal Prachanda's government. Oli, who heads the Communist Party of Nepal-Unified Marxist Leninist (CPN-UML), claimed his candidacy with the support of the Nepali Congress (NC) and has submitted signatures from 165 members of the House of Representatives. Oli's coalition aims to address political instability and development in Nepal, a country that has seen frequent changes in leadership since becoming a federal republic in 2008. He is expected to yield the prime ministerial post to former five-time Prime Minister Sher Bahadur Deuba later in the parliamentary term. Oli's new government faces the challenge of reviving an economy hard-hit by the COVID-19 pandemic, which devastated tourism and reduced remittances.