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He is broadly recognized as one of the key planners of the financial changes in the Post-1990 period which got critical upgrades Nepal’s economy with higher development, progress in human improvement pointers and decrease in destitution level. His residency likewise saw numerous changes in people in general use administration, fund and keeping money, and income changes including the presentation of the Value Added Tax. He was the chief creator of Nepal’s Eighth Plan which achieved clearing approach changes in the economy, with more prominent part to the private segment in monetary exercises.
Amid his time as Finance Minister, Nepal was chosen director of the IMF/World Bank Board of Governors for 1998/99. He likewise served as Minister of Foreign Affairs for around a year in 1999-2000.Dr. Ram Sharan Mahat was the Finance Minister of Nepal under the administration drove by Sushil Koirala.He spoke to Nepali Congress in the Nepalese Constituent Assembly race, 2008 and was chosen from Nuwakot-2 with 17,444 votes, vanquishing his nearest rival Hit Bahadur Tamang of Unified Communist Party of Nepal (Maoist).
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