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

Nepal's Fiscal Cliff

Op-ed by Todd Schneider, IMF Mission Chief, published in the Republica, March 20, 2013 

Economic Outlook for India and Nepal in Global Context

Presentation by Thomas Richardson, Senior IMF Resident Representative, at the South Asian Institute of Management in Kathmandu on March 13, 2013 

Break the cycle: Nepal needs to combat low growth and research shows that political consensus is key

Op-ed by Todd Schneider, IMF Mission Chief, published in the Kathmandu Post, January 15, 2013 

Nepal: 2012 IMF Article IV Consultation and Recent Economic Developments and Outlook

Press Briefing by Thomas Richardson, Senior Resident Representative, December 20, 2012 

Nepal: Recent Economic Developments and Outlook

Presentation by Thomas Richardson, Senior IMF Resident Representative for India and Nepal, November 28, 2012 

Nepal and the IMF

Press Release: IMF Concludes Staff Visit to Nepal

February 8, 2013

Nepal: Staff Report for the 2012 Article IV Consultation

December 6, 2012
Series: Country Report No. 12/326 

Public Information Notice: IMF Executive Board Concludes 2012 Article IV Consultation with Nepal

December 3, 2012
Each Public Information Notice contains a background section, a table of selected economic indicators, and an Executive Board assessment. 

Statement by the Hon. Barshaman Pun, Governor of the World Bank Group for Nepal

October 12, 2012
PDF File Size: 450Kb 

Press Release: Statement at the Conclusion of the 2012 Article IV Discussions with Nepal

September 24, 2012

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Regional Economic Outlook: Asia and Pacific

Growth in the Asia-Pacific region shows signs of improving as extreme risks emanating from advanced economies have receded and domestic demand remains resilient, supported by relatively easy financial conditions and robust labor markets. A small and gradual pick-up in growth to over 5¾ percent is projected in the course of 2013. Risks to the outlook from within the region, such as rising financial imbalances and asset prices in some economies, are coming clearer into focus. Although Asia�s banking and corporate sectors have solid buffers, monetary policymakers should stand ready to respond early and decisively to shifting risks, and macroprudential measures will also have a role to play. In many Asian economies, some fiscal consolidation could also rebuild the space needed to respond to future shocks and preempt potential overheating pressures from capital inflows. In particular, there is a growing need to make tax and spending policies more efficient. To sustain high growth rates and alleviate the �middle-income trap� across Emerging Asia, the policy agenda will vary by jurisdiction but will also often include strengthening infrastructure investment and reforming goods and labor markets.

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