Nepal: 2015 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Nepal

November 18, 2015

Preview Citation

Format: Chicago

Nepal: 2015 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Nepal, (USA: International Monetary Fund, 2015) accessed November 21, 2024

Summary

This 2015 Article IV Consultation highlights that the earthquakes in April and May and protests and trade disruptions following the promulgation of a new constitution in September have exacerbated the macroeconomic policy challenges facing the Nepalese economy. Real GDP growth is estimated to have decelerated to 3.4 percent in 2014/15 (mid-July 2014 to mid-July 2015) from 5.5 percent in 2013/14. Growth is expected to gradually rebound to about 5.5 percent by 2016/17, as economic activity recovers from the earthquake and reconstruction gains momentum. Inflation is projected to rise to about 8.5 percent over the next 12 months. The medium-term outlook depends importantly on the authorities’ reform efforts.

Subject: Balance of payments, Budget execution and treasury management, Budget planning and preparation, Current account, Expenditure, Fiscal policy, Public financial management (PFM), Remittances, Revenue administration

Keywords: Asia and Pacific, Authority, Budget execution and treasury management, Budget planning and preparation, CR, Current account, Earthquake reconstruction spending, Fuel shortage, Global, Growth, Inflation pressure, ISCR, Petroleum product, Remittances, Report, South Asia, Trade disruption

Publication Details

Pages:

61
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2015/317
Stock No:

1NPLEA2015002
ISBN:

9781513562247
ISSN:

1934-7685

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