Nepal: Request for Disbursement Under the Rapid Credit Facility

August 4, 2015

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Nepal: Request for Disbursement Under the Rapid Credit Facility, (USA: International Monetary Fund, 2015) accessed November 23, 2024

Summary

This paper discusses Nepal’s Request for Disbursement Under the Rapid Credit Facility (RCF). Before the April 2015 earthquake, Nepal’s macroeconomic performance was broadly favorable but the government’s weak budget implementation capacity held back growth and propped up the external position. The authorities’ main challenge has been to boost their capacity to plan, prioritize, and implement capital spending. The authorities are requesting financial assistance under the IMF’s RCF to address the urgent balance of payments and fiscal needs associated with the rehabilitation and reconstruction efforts. The IMF staff supports the authorities’ request for a disbursement under the RCF in the amount of SDR 35.65 million.

Subject: Budget execution and treasury management, Budget planning and preparation, Capital budget, External debt, Public debt, Public financial management (PFM)

Keywords: Asia and Pacific, Authority, Budget execution and treasury management, Budget planning and preparation, Capital budget, CR, Debt, Disbursement of SDR, Discussion of Nepal, Executive board's approval, ISCR, Nepal authorities, Policy advice, Real GDP, Reconstruction effort

Publication Details

Pages:

49
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2015/224
Stock No:

1NPLEA2015001
ISBN:

9781513510279
ISSN:

1934-7685

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