Nepal: Selected Issues

July 18, 1996

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Nepal: Selected Issues, (USA: International Monetary Fund, 1996) accessed November 21, 2024

Summary

This Selected Issues paper highlights that progress on structural reforms in Nepal stalled during 1994/95 while economic performance deteriorated. Real GDP slowed as agriculture output was depressed by a less favorable monsoon, and exports declined as both the carpet and garment sectors faltered. Although the government’s domestic borrowing remained low, rapid growth in private credit financed a surge in imports that in combination with weakening export demand led to a sharp reduction of the external surplus. In 1995/96, economic activity rebounded as favorable weather conditions boosted agricultural output, while inflation performance continued to be satisfactory.

Subject: Banking, Commercial banks, Expenditure, Exports, Financial institutions, Government securities, Imports, International trade, Treasury bills and bonds

Keywords: Capital standard, Commercial banks, CR, Enterprise, Export, Exports, Government, Government securities, GSP export, Imports, ISCR, Nepal, Nepalese rupee, Nepal's export structure, Preference margin, Privatized enterprise, Reform program, Risk exposure, South Asia, Trade, Trade prospect, Treasury bills and bonds

Publication Details

Pages:

141
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 1996/063
Stock No:

1NPLEA0011996
ISBN:

9781451829853
ISSN:

1934-7685

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