Executive Board
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Board Discussions
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July 3, 2014
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Article IV Staff Reports



Projected % Change
   2014  2015
Real GDP 4.5 4.5
Consumer Prices 9.8 7
Source: World Economic Outlook (April 2014)
Please refer to more recent PIN/Staff reports on this country for possible revisions.

Nepal: Financial Position in the Fund

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Nepal and the IMF
Updated July 18, 2014

The last Article IV Executive Board Consultation was on July 03, 2014. Listed below are items related to Nepal, in reverse chronological order (you can also view items by category).

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July 18, 2014 -- New Nepal: 2014 Article IV Consultation-Staff Report; Press Release; and Statement by the Executive Director for Nepal
Series: Country Report No. 14/214
July 16, 2014 -- New Press Release: IMF Executive Board Concludes 2014 Article IV Consultation with Nepal
April 24, 2014 -- Press Release: Mission Statement at the Conclusion of the 2014 Article IV Discussions with Nepal
November 22, 2013 -- Press Release: Statement by IMF Deputy Managing Director Naoyuki Shinohara at the Conclusion of his Visit to Nepal
November 21, 2013 -- Keynote Speech by Naoyuki Shinohara at the 49th SEACEN Governors' Conference and High-Level Seminar
October 11, 2013 -- Statement by the Hon. Shanker Prasad Koirala, Governor of the World Bank Group for Nepal
PDF File Size: 464Kb
October 04, 2013 -- IMF Concludes Staff Visit to Nepal
February 08, 2013 -- Press Release: IMF Concludes Staff Visit to Nepal
December 06, 2012 -- Nepal: Staff Report for the 2012 Article IV Consultation
Series: Country Report No. 12/326
December 03, 2012 -- Public Information Notice: IMF Executive Board Concludes 2012 Article IV Consultation with Nepal
Each Public Information Notice contains a background section, a table of selected economic indicators, and an Executive Board assessment.
October 12, 2012 -- Statement by the Hon. Barshaman Pun, Governor of the World Bank Group for Nepal
PDF File Size: 450Kb
September 24, 2012 -- Press Release: Statement at the Conclusion of the 2012 Article IV Discussions with Nepal
April 16, 2012 -- Enhancing Financial Sector Surveillance in Low-Income Countries - Case Studies
Subject: Financial sector | Kenya | Philippines | Uganda | Nepal | Mexico | Turkey | Uruguay | Surveillance | Low-income developing countries | Financial systems | Cross country analysis
November 09, 2011 -- Nepal; Staff Report for the 2011 Article IV Consultation
Series: Country Report No. 11/318
November 09, 2011 -- Nepal; Selected Issues
Series: Country Report No. 11/319
November 04, 2011 -- Public Information Notice: IMF Executive Board Concludes 2011 Article IV Consultation with Nepal
Each Public Information Notice contains a background section, a table of selected economic indicators, and an Executive Board assessment.
September 23, 2011 -- Statement by the Hon. Barshaman Pun, Governor of the World Bank Group for Nepal
PDF File Size: 431Kb
August 15, 2011 -- Press Release: Statement at the Conclusion of the 2011 Article IV Discussions with Nepal
October 08, 2010 -- Statement by the Hon. Surendra Pandey, Governor of the World Bank Group for Nepal
PDF File Size: 553Kb
July 06, 2010 -- Nepal: Selected Issues
Series: Country Report No. 10/184
July 06, 2010 -- Nepal: 2010 Article IV Consultation and Request for Disbursement Under the Rapid Credit Facility - Staff Report; Staff Supplements; Public Information Notice on the Executive Board Discussion; Press Release on the Executive Board Discussion; and Statement by the Alternate Executive Director and Advisor for Nepal.
Series: Country Report No. 10/185
June 17, 2010 -- Public Information Notice: IMF Executive Board Concludes 2010 Article IV Consultation with Nepal
Each Public Information Notice contains a background section, a table of selected economic indicators, and an Executive Board assessment.
May 28, 2010 -- Press Release: IMF Executive Board Approves US$ 42.05 Million Disbursement Under Rapid Credit Facility for Nepal
May 13, 2010 -- Nepal -- Letter of Intent, May 13, 2010
PDF File Size: 366Kb
March 08, 2010 -- Press Release: Statement of the IMF Staff at the Conclusion of the 2010 Article IV Discussions with Nepal
October 06, 2009 -- Statement by the Hon. Surendra Pandey, Governor of the World Bank Group for Nepal, at the Joint Annual Discussion
PDF File Size: 321Kb
August 17, 2009 -- Nepal - Assessment Letter for the Asian Development Bank
Subject: Secretary's Memorandum to Executive Board | Nepal
October 13, 2008 -- Statement by the Hon. Baburam Bhattarai, Governor of the World Bank Group for Nepal, at the Joint Annual Discussion
PDF File Size: 107Kb
October 01, 2008 -- Nepal - Assessment Letter for the Asian Development Bank
Subject: Assessment letters | Nepal | Asian Development Bank | Economic growth | Currency pegs
July 03, 2008 -- Press Release: Statement of an IMF Mission at the Conclusion of the Staff Visit to Nepal
June 11, 2008 -- Nepal: 2008 Article IV Consultation - Staff Report; Staff Supplement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Nepal
Series: Country Report No. 08/181
June 11, 2008 -- Nepal: Selected Issues
Series: Country Report No. 08/182
May 27, 2008 -- Public Information Notice: IMF Executive Board Concludes 2008 Article IV Consultation with Nepal
Each Public Information Notice contains a background section, a table of selected economic indicators, and an Executive Board assessment.
November 16, 2007 -- Nepal - Assessment Letter for the Asian Development Bank
Subject: Economic conditions | Nepal | Asian Development Bank | Assessment letters
November 16, 2007 -- Nepal: Fifth Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility, and Request for Waivers for Nonobservance of Performance Criteria - Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Nepal
Series: Country Report No. 07/366
November 09, 2007 -- Press Release: IMF Executive Board Completes Fifth Review Under the PRGF Arrangement with Nepal and Approves US$16.9 Million Disbursement
November 01, 2007 -- Is Inflation in India an Attractor of Inflation in Nepal?
Author/Editor: Ginting, Edimon
Series: Working Paper No. 07/269
October 31, 2007 -- Nepal -- Letter of Intent, October 31, 2007
PDF File Size: 86Kb
October 22, 2007 -- Statement by the Hon. Ram Sharan Mahat, Governor of the World Bank Group for Nepal, at the Joint Annual Discussion
PDF File Size: 22Kb
October 11, 2007 -- Nepal: Report on Observance of Standards and Codes - Fiscal Transparency Module
Series: Country Report No. 07/346
June 30, 2007 -- Nepal -- Letter of Intent, Memorandum of Economic and Financial Policies, and Technical Memorandum of Understanding, June 30, 2007
PDF File Size: 216Kb
June 18, 2007 -- Nepal: Fourth Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility, and Requests for Waiver and Modification of Performance Criteria - Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Nepal
Series: Country Report No. 07/204
June 13, 2007 -- Press Release: IMF Executive Board Completes Fourth Review Under Nepal's Three-Year PRGF Arrangement and Approves US$16 Million Disbursement
May 21, 2007 -- Nepal: Poverty Reduction Strategy Paper Progress Report
Series: Country Report No. 07/176
January 15, 2007 -- IMF Survey:
IMF opens African technical assistance center; interview with Raghuram Rajan; IMF weighs contingent financing; Latin American growth; Nepal seeks prosperity; link between budget institutions, fiscal outcomes; fuel subsidies; IT in Ireland, India, Israel PDF File Size: 786Kb
December 19, 2006 -- Nepal: Poverty Reduction Strategy Paper Annual Progress Report - Joint Staff Advisory Note
Series: Country Report No. 06/443
November 16, 2006 -- 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 - Staff Report; Staff Statement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Nepal
Series: Country Report No. 06/407
November 13, 2006 -- Press Release: IMF Executive Board Completes Second and Third Reviews Under Nepal's Three-Year PRGF Arrangement and Approves US$21.2 million Disbursement
October 20, 2006 -- Nepal: Poverty Reduction Strategy Paper Progress Report
Series: Country Report No. 06/366
September 20, 2006 -- Statement by the Hon. Ram Sharan Mahat, Governor of the World Bank Group for Nepal, at the Joint Annual Discussion
PDF File Size: 353Kb
September 17, 2006 -- IMFC Statement by Honorable Tan Sri Nor Mohamed Yakcop, Minister of Finance II, Malaysia
On behalf of: Brunei Darussalam, Fiji, Indonesia, Cambodia, Lao People's Democratic Republic, Myanmar, Malaysia, Nepal, Singapore, Thailand, Tonga, Vietnam. PDF File Size: 267Kb
April 22, 2006 -- IMFC Statement by The Honorable Awang Adek Hussin, Deputy Minister of Finance, Malaysia
On behalf of: Brunei Darussalam, Fiji, Indonesia, Cambodia, Lao People's Democratic Republic, Myanmar, Malaysia, Nepal, Singapore, Thailand, Tonga, Vietnam. PDF File Size: 35Kb
March 27, 2006 -- IMF Survey:
MD meets SSA leaders; ART. IV: Belgium, Ecuador, Finland, Nepal; U.K. policy frameworks; Ghana: quasi-fiscal activities; Africa and Doha Round; euro area product markets; ASI: FDI; prescriptions for financial stability PDF File Size: 822Kb
February 07, 2006 -- Nepal: 2005 Article IV Consultation - Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Nepal
Series: Country Report No. 06/44
February 07, 2006 -- Nepal: Selected Issues and Statistical Appendix
Series: Country Report No. 06/45
February 02, 2006 -- Public Information Notice: IMF Executive Board Concludes 2005 Article IV Consultation with Nepal
Each Public Information Notice contains a background section, a table of selected economic indicators, and an Executive Board assessment.
September 29, 2005 -- Nepal: Poverty Reduction Strategy Paper Progress Report
Series: Country Report No. 05/351
September 25, 2005 -- Statement by the Hon. Madhukar S.j.b. Rana, Governor of the World Bank for Nepal, at the Joint Annual Discussion
PDF File Size: 352Kb
April 16, 2005 -- IMFC Statement by Honorable Burhanuddin Abdullah, Governor of Bank Indonesia
On behalf of: Brunei Darussalam, Fiji, Indonesia, Cambodia, Lao People's Democratic Republic, Myanmar, Malaysia, Nepal, Singapore, Thailand, Tonga, Vietnam. PDF File Size: 36Kb
October 21, 2004 -- Nepal: First Review of Three-Year Arrangement Under the Poverty Reduction and Growth Facility and Request for Waiver of Performance Criteria--Staff Report; Staff Statement; and Press Release on the Executive Board Discussion
Series: Country Report No. 04/329
October 20, 2004 -- Press Release: IMF Executive Board Completes First Review Under Nepal's Three-Year PRGF Arrangement and Approves US$10.6 million Disbursement
October 04, 2004 -- Statement by the Hon. Bharat Mohan Adhikari, Governor of the World Bank for Nepal, at the Joint Annual Discussion
PDF File Size: 117Kb
October 04, 2004 -- Nepal -- Letter of Intent, Memorandum on Economic and Financial Policies, and Technical Memorandum of Understanding, October 4, 2004
This Letter of Intent of the government of Nepal describes the policies that Nepal intends to implement in the context of its request for financial support from the IMF.
October 02, 2004 -- IMFC Statement by Honorable M.R. Pridiyathorn Devakula, Governor of the Bank of Thailand
On behalf of: Brunei Darussalam, Fiji, Indonesia, Cambodia, Lao People's Democratic Republic, Myanmar, Malaysia, Nepal, Singapore, Thailand, Tonga, Vietnam. PDF File Size: 571Kb
August 01, 2004 -- Choosing the Correct Currency Anchor For a Small Economy: The Case of Nepal
Author/Editor: Yelten, Sibel
Series: Working Paper No. 04/142
May 06, 2004 -- Statement by the International Monetary Fund at the 2004 Nepal Development Forum, Kathmandu
November 24, 2003 -- Press Release: IMF Approves Three-Year US$72 Million Poverty Reduction and Growth Facility Arrangement for Nepal
November 21, 2003 -- Nepal: Request for a Three-Year Arrangement Under the Poverty Reduction and Growth Facility--Staff Report; Staff Supplement; and Press Release on the Executive Board Discussion
Series: Country Report No. 03/360
November 21, 2003 -- Nepal: Joint Staff Assessment of the Poverty Reduction Strategy Paper
Series: Country Report No. 03/361
November 14, 2003 -- Press Release: IMF Approves In-Principle Three-Year US$72 Million Poverty Reduction and Growth Facility Arrangement for Nepal
October 31, 2003 -- Nepal -- Letter of Intent, Memorandum on Economic and Financial Policies, Technical Memorandum of Understanding, October 31, 2003
This Letter of Intent of the government of Nepal describes the policies that Nepal intends to implement in the context of its request for financial support from the IMF.
October 13, 2003 -- Fighting Poverty and Promoting Growth in South Asia, Remarks Shigemitsu Sugisaki, Deputy Managing Director, IMF
Seminar with Parliamentarians, Political and Social Leaders, Singapore
October 01, 2003 -- Nepal: Poverty Reduction Strategy Paper
Series: Country Report No. 03/305
September 24, 2003 -- Statement by the Hon. Prakash Chandra Lohani, Governor of the World Bank for Nepal, at the Joint Annual Discussion
PDF File Size: 112Kb
September 21, 2003 -- Statement by the Honorable Mr. Jamaludin Jarjis, Minister of Finance II, Malaysia, Given on the Occasion of the International Monetary and Financial Committee (IMFC) Meeting, September 21, 2003
Representing the constituency consisting of Brunei Darussalam, Cambodia, Fiji, Indonesia, Lao P.D.R., Malaysia, Myanmar, Nepal, Singapore, Thailand, Tonga, and Vietnam.
September 05, 2003 -- Public Information Notice: IMF Concludes 2003 Article IV Consultation with Nepal
Each Public Information Notice contains a background section, a table of selected economic indicators, and an Executive Board assessment.
September 05, 2003 -- Nepal: 2003 Article IV Consultation--Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Nepal
Series: Country Report No. 03/283
September 05, 2003 -- Nepal: Statistical Appendix
Series: Country Report No. 03/284
April 12, 2003 -- IMFC Statement by Dato' Jamaludin Mohd Jarjis, Finance Minister II, Malaysia, April 12, 2003
The International Monetary and Financial Committee statement on behalf of the constituency consisting of Brunei Darussalam, Cambodia, Fiji, Indonesia, Lao People's Democratic Republic, Malaysia, Myanmar, Nepal, Singapore, Thailand, Tonga, Vietnam
September 29, 2002 -- Statement by the Hon. Bharat Kumar Shah, Governor of the World Bank for Nepal, at the Joint Annual Discussion of the Boards of Governors of the IMF and World Bank, September 29, 2002
PDF File Size: 116Kb
September 24, 2002 -- Nepal: 2002 Article IV Consultation--Staff Report; Public Information Notice on the Executive Board Discussion, and Statement by the Executive Director for Nepal
Series: Country Report No. 02/205
September 24, 2002 -- Nepal: Selected Issues and Statistical Appendix
Series: Country Report No. 02/206
September 12, 2002 -- Public Information Notice: IMF Concludes 2002 Article IV Consultation with Nepal
Each Public Information Notice contains a background section, a table of selected economic indicators, and an Executive Board assessment.
October 03, 2001 -- Nepal: 2001 Article IV Consultation--Staff Report; Staff Statement; and Public Information Notice on the Executive Board Discussion
Series: Country Report No. 01/172
October 03, 2001 -- Nepal: Recent Economic Developments
Series: Country Report No. 01/173
October 03, 2001 -- Nepal: 2001 Article IV Consultation--Staff Report; Staff Statement; and Public Information Notice on the Executive Board Discussion
Series: Country Report No. 01/172
October 03, 2001 -- Nepal: Recent Economic Developments
Series: Country Report No. 01/173
September 21, 2001 -- Public Information Notice: IMF Concludes 2001 Article IV Consultation with Nepal
Public Information Notices (PINs) form part of the IMF's efforts to promote transparency of the IMF's views and analysis of economic developments and policies.
September 27, 2000 -- Statement by the Hon. Mahesh Acharya, Governor of the World Bank for Nepal, at the Joint Annual Discussion
PDF File Size: 109Kb
April 03, 2000 -- Nepal: Recent Economic Developments
Series: IMF Staff Country Report No. 00/47
March 14, 2000 -- Public Information Notice: IMF Concludes Article IV Consultation with Nepal
Public Information Notices (PINs) form part of the IMF's efforts to promote transparency of the IMF's views and analysis of economic developments and policies.
March 14, 2000 -- Nepal: Staff Report for the 1999 Article IV Consultation
Series: IMF Staff Country Report no. 00/39
Notes: Included with the Staff Report is the text of Public Information Notice No.00/20--IMF Concludes Article IV Consultation with Nepal.
September 29, 1999 -- Statement by the Hon. Ram Binod Bhattarai, Alternate Governor of the World Bank for Nepal, at the Joint Annual Discussion
PDF File Size: 16Kb
September 28, 1999 -- Opening Address by the Chairman, the Hon. Mahesh Acharya, Governor of the World Bank and the Fund for Nepal, at the Joint Annual Discussion
PDF File Size: 24Kb
April 08, 1999 -- Nepal- Recent Economic Developments
Series: IMF Staff Country Report No. 99/18
February 24, 1999 -- Public Information Notice: IMF Concludes Article IV Consultation with Nepal
Public Information Notices (PINs) form part of the IMF's efforts to promote transparency of the IMF's views and analysis of economic developments and policies.
October 08, 1998 -- Statement by the Hon. Ram Sharan Mahat, Governor of the World Bank for Nepal, at the Closing Joint Session
PDF File Size: 43Kb
October 06, 1998 -- Address by the Hon. Ram Sharan Mahat, Governor of the World Bank for Nepal, at the Joint Annual Discussion
PDF File Size: 28Kb
September 24, 1997 -- Statement by the Hon. Rabindra Nath Sharma, Governor of the World Bank for Nepal, at the Joint Annual Discussion.
PDF File Size: 29Kb
August 13, 1997 -- Nepal--Recent Economic Developments
Series: IMF Staff Country Report No. 97/62
June 13, 1997 -- Press Information Notice: IMF Concludes Article IV Consultation with Nepal
Public Information Notices (PINs) form part of the IMF's efforts to promote transparency of the IMF's views and analysis of economic developments and policies.
July 18, 1996 -- Nepal--Selected Issues
Series: IMF Staff Country Report No. 96/63
July 20, 1995 -- Nepal - Background Paper
Series: IMF Staff Country Report No. 95/63
Notes: This background paper on Nepal was prepared by a staff team of the International Monetary Fund as background documentation for the periodic consultation with this member country. In releasing this document for public use, confidential material may have been removed at the request of the member.

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