Nepal: Staff Report for the 2003 Article IV Consultation

September 5, 2003

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Nepal: Staff Report for the 2003 Article IV Consultation, (USA: International Monetary Fund, 2003) accessed October 8, 2024

Summary

Poverty in Nepal remains pervasive owing to insufficient growth and inadequate targeting under the poverty alleviation programs. Executive Directors stressed the need to implement strong fiscal and monetary policies and accelerate structural reforms. They welcomed the Poverty Reduction Strategy Paper (PRSP), social sector development, targeted programs for the poor and deprived groups, and improved governance. They emphasized the need to improve revenue mobilization, prioritize spending, and contain domestic borrowing for economic growth.

Subject: Commercial banks, Economic sectors, Expenditure, External debt, Financial institutions, Public debt, Public sector

Keywords: Commercial banks, CR, Enterprise, Governance, Governance reform, HMG securities, ISCR, Public sector, Real interest rate, Reform effort, Reform implementation, South Asia, Spending, U.S. dollar

Publication Details

Pages:

58
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2003/283
Stock No:

1NPLEA0012003
ISBN:

9781451829914
ISSN:

1934-7685

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