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Mount Everest: View of Everest from Kala Patthar in Nepal

Mount Everest: View of Everest from Kala Patthar in Nepal

Nepal Resident Representative Site

Resident Representative Office in Nepal

This web page presents information about the work of the IMF in Nepal, including the activities of the IMF Resident Representative Office. Additional information can be found on the Nepal and IMF country page, including IMF reports and Executive Board documents that deal with Nepal.

News — Highlights

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South Asia: Consolidating Gains in the Post-Crisis Era

South Asia Regional Update, November 2014 click for more

South Asia: Consolidating Gains in the Post-Crisis Era

By Thomas Richardson, IMF Senior Resident Representative – India/Nepal/Bhutan, South Asia Economic Summit: “Towards South Asia Economic Union”, November 6, 2014 click for more

IMF’s Releases Inaugural South Asia Regional Economic Update

November 2014 click for more

Regional Economic Outlook for Asia and Pacific Update

October 2014 click for more

World Economic Outlook (WEO): Legacies, Clouds, Uncertainties

October 2014 click for more

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Nepal and the IMF

Statement by the Hon. Ram Sharan Mahat, Governor of the World Bank Group for Nepal

October 9, 2014
PDF File Size: 158Kb click for more

Nepal: 2014 Article IV Consultation-Staff Report; Press Release; and Statement by the Executive Director for Nepal

July 18, 2014
Series: Country Report No. 14/214 click for more

Press Release: IMF Executive Board Concludes 2014 Article IV Consultation with Nepal

July 16, 2014

Press Release: Mission Statement at the Conclusion of the 2014 Article IV Discussions with Nepal

April 24, 2014

Press Release: Statement by IMF Deputy Managing Director Naoyuki Shinohara at the Conclusion of his Visit to Nepal

November 22, 2013

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Regional Economic Outlook: Asia and Pacific

image from the publication cover

Despite a weaker-than-expected first half of the year, the outlook for the Asia and Pacific region remains solid. The ongoing global recovery, while tepid, should support Asia's exports. Meanwhile, favorable financial and labor market conditions, as well as broadly accommodative policies, will continue to underpin domestic demand. GDP is forecast to grow by 5.5 percent for the third consecutive year in 2014, rising slightly to 5.6 percent in 2015. Financial dislocations associated with higher global interest rates, and protracted weak growth in advanced and emerging market economies are the main downside risks to the outlook. A sharper-than-anticipated downturn in China's real estate sector and less-effective-than-envisaged Abenomics in Japan would also adversely affect regional growth prospects. Geopolitical tensions could also disrupt trade and financial flows, with adverse effects on growth. Policymakers in the region should capitalize on the outlook to gradually rebuild policy space and push ahead with structural reforms to deliver sustainable growth. While there is no one-size-fits-all approach, fiscal consolidation should generally continue in a calibrated manner, especially where debt levels are higher, and monetary normalization should proceed particularly where inflation pressures are high or building up. Click for more

Scam Alert

Fraudulent Scam Emails Using the Name of the IMF

We would like to bring to the notice of the general public that several variants of financial scam letters purporting to be sanctioned by the International Monetary Fund (IMF) or authored by high ranking IMF officials are currently in circulation, and may appear on official letterhead containing the IMF logo. The scam letters instruct potential victims to contact the IMF for issuance of a “Certificate of International Capital Transfer” or other forms of approval, to enable them receives large sums of monies as beneficiaries. The contact e-mail information is always BOGUS and unsuspecting individuals are then requested to send their personal banking details which the scammers utilize for their fraudulent activities.

Contrary to what is stated in these scam e-mails, letters, or phone conversations, the IMF does NOT authorize, verify, monitor, or assist in contract or inheritance payments between third parties and/or Governments, nor does it endorse the activities of any bank, financial institution, or other public or private agency. For purposes of clarification, the IMF is an inter-governmental organization whose transactions and operations are carried out directly with its member countries.

If you have already received such e-mails, you are advised to terminate all further contacts with the scammers, and, in the event that you have sent them funds, contact your local law enforcement agency immediately. If you are resident in the United States, you can also file a complaint with the US Federal Bureau of Investigation (FBI), through the following website: http://www.ic3.gov/default.aspx.

Additional general information on scam e-mails may be found at the following websites:
1) http://www.lookstoogoodtobetrue.com/
2) http://www.treas.gov/press/releases/js1130.htm