Nepal: Request for a Three-Year Arrangement Under the Poverty Reduction and Growth Facility

November 21, 2003

Preview Citation

Format: Chicago

Nepal: Request for a Three-Year Arrangement Under the Poverty Reduction and Growth Facility, (USA: International Monetary Fund, 2003) accessed November 23, 2024

Summary

Nepal’s public debt-to-GDP ratio is set to decline from 68 percent of GDP at end-2002–03 over the medium term. The 2003–04 budget makes a start in implementing the medium-term fiscal strategy. Government spending will be redirected to social sectors, for poverty alleviation, and be better prioritized. Monetary policy would remain geared to supporting the exchange rate peg to the Indian rupee. Further steps are envisaged to strengthen the Nepal Rastra Bank (NRB), improve the banking environment, and restructure commercial and development banks.

Subject: Banking, Budget planning and preparation, Economic sectors, Expenditure, External debt, Public debt, Public financial management (PFM), Public sector

Keywords: Arrivals data, Budget planning and preparation, CR, Executive board discussion, Global, Inflation rate, Inflation rate in mid-September, ISCR, Nepal's Poverty Reduction Strategy Paper, Poverty, Public sector, Revenue growth, Staff appraisal

Publication Details

Pages:

77
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2003/360
Stock No:

1NPLEA0042003
ISBN:

9781451829983
ISSN:

1934-7685

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