Nepal: Recent Economic Developments

April 9, 1999

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Nepal: Recent Economic Developments, (USA: International Monetary Fund, 1999) accessed December 21, 2024

Summary

This paper reviews economic developments in Nepal during 1996–98. During 1997–98, the authorities maintained broad macroeconomic stability and there was an improvement in the external position. However, real GDP growth slowed to below 2 percent in 1997/98 (fiscal year ending July 15) and, after remaining in single digits over the last several years, the 12-month inflation rate accelerated, as food prices jumped owing to temporary agricultural supply factors. Aided by the strong exports in the region and continued generous donor financing, gross official reserves increased in 1997/98 to more than US$700 million.

Subject: Agroindustries, Banking, Commercial banks, Economic sectors, Exports, Financial institutions, Imports, International trade, Public sector

Keywords: Agroindustries, Balance of payments, Broad money, Commercial banks, CR, Exchange rate, Exports, Financial system, Foreign direct investment, Imports, ISCR, Nepalese rupee, Private sector, Public sector, South Asia, Treasury bill, U.S. dollar

Publication Details

Pages:

87
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 1999/018
Stock No:

1NPLEA0011999
ISBN:

9781451829877
ISSN:

1934-7685

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