Citizens of Nepal have been rejoicing since their political leaders agreed to a peace deal that ended 10 years of bitter and bloody civil war. The accord lays the foundation for a durable peace in Nepal, but much depends -- as always -- on its implementation. Two other factors will also have a profound influence on the prospects for peace: the work of a truth and reconciliation commission that will look hard at the past, and the creation of jobs -- and hope -- in one of Asia's poorest countries.

Nepal has been wracked by a Maoist insurgency for over a decade. The civil war has claimed more than 13,000 lives. The guerrillas had joined the parliamentary process as a political party, but opted out to take up arms. They have been fairly successful, now controlling large parts of the countryside. When the government succeeded in retaking territory, it was usually because the guerrillas withdrew. Rarely defeated in battle, the guerrillas were also quite ruthless. Human rights groups accuse the Maoists of forcible recruitment, kidnappings and extortion.

The political equation in Nepal, however, is far more complex than a simple split between rebels and the government. The political establishment itself is divided between royalists and democrats. Tensions between the two have long been high; King Gyanendra has been suspicious and intolerant of political parties, and saw their activities as infringing on royal prerogatives. The growing insurgency gave him the opportunity to seize power in February 2005: He claimed he would end the disorder and corruption that permeated Nepalese politics as well as defeat the insurgency.