Nepal: Second and Third Reviews Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility, Requests for Waiver of Performance Criteria and Extension of the Arrangement
November 16, 2006
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Major political developments have taken place in Nepal since the Executive Board concluded the Article IV Consultation in January 2006. The Koirala government is keen on early resumption of the IMF-supported program to help maintain macroeconomic stability. The international community has welcomed the peace process and has extended financial aid. Progress on structural reforms was slow owing to political uncertainties, an unsettled security environment, and inertia in policy implementation. The authorities outlined an economic program for 2006/07 consistent with Poverty Reduction Strategy Paper (PRSP)/Poverty Reduction and Growth Facility (PRGF) objectives.
Subject: Banking, Commercial banks, External debt, Inflation, Monetary base, Money, Oil prices, Prices, Public debt
Keywords: communist party, constituent assembly, constituent assembly election, CR, Global, IMF staff representative, Inflation, inflation outlook, ISCR, Maoist, Monetary base, Nepalese authorities, Oil prices, South Asia, SPA government, structure of the constituent assembly
Pages:
75
Volume:
2006
DOI:
Issue:
407
Series:
Country Report No. 2006/407
Stock No:
1NPLEA2006004
ISBN:
9781451830057
ISSN:
1934-7685
