NIICE hosts discussion on adapting Singapore's development and anti-corruption model to Nepal

KATHMANDU: Nepal Institute for International Cooperation and Engagement (NIICE) hosted a discussion on Singapore’s development model and anti-corruption measures on Sunday at its seminar hall in Hattiban, Lalitpur. The event, titled 'Singapore’s Economic Success & Anti-Corruption Model: Can It Be Adapted in Nepal?', asked whether elements of Singapore’s experience can be applied in Nepal.

Leong Sze Hian, former president of the Society of Financial Service Professionals, Singapore, outlined Singapore’s transformation from a developing country into one of the world’s most prosperous economies. He attributed the country’s success to strong institutions, long-term planning and ongoing adaptation rather than any single policy move.

On anti-corruption, Leong said Singapore relies on robust enforcement, independent institutions and strict penalties. He noted that the high likelihood of detection and prosecution acts as a significant deterrent and that corruption cases are pursued regardless of an individual’s status, which helps sustain public confidence in the rule of law.

He also highlighted Singapore’s economic approach, which pairs fiscal discipline with targeted social support. He pointed to balanced budgets, prudent public spending and systems for housing, healthcare and pensions that aim to provide broad access to essential services while protecting long-term financial sustainability.

A major theme of the discussion was innovation as a driver of development. Leong urged a broad view of innovation, arguing it should extend beyond technology and research to a mindset of continuously finding better ways to solve problems, improve services and increase efficiency. He used the term 'common-sense innovation' and said Singapore promotes innovation through incentives, skills development, public participation and support for new ideas.

Leong added that Singapore’s readiness to learn from setbacks and adjust policies has been a key strength. He urged attention not only to successes but also to the challenges and lessons that shaped the country’s path.

The session closed with reflections on how Nepal might adopt relevant practices from Singapore while taking into account its own social, economic and political realities.