Nepal : Selected Issues

Author/Editor:

International Monetary Fund

Publication Date:

July 18, 1996

Summary:

This Selected Issues paper highlights that progress on structural reforms in Nepal stalled during 1994/95 while economic performance deteriorated. Real GDP slowed as agriculture output was depressed by a less favorable monsoon, and exports declined as both the carpet and garment sectors faltered. Although the government’s domestic borrowing remained low, rapid growth in private credit financed a surge in imports that in combination with weakening export demand led to a sharp reduction of the external surplus. In 1995/96, economic activity rebounded as favorable weather conditions boosted agricultural output, while inflation performance continued to be satisfactory.

Series:

Country Report No. 96/63

Subject:

English

Publication Date:

July 18, 1996

ISBN/ISSN:

9781451829853/1934-7685

Stock No:

1NPLEA0011996

Price:

$15.00 (Academic Rate:$15.00)

Format:

Paper

Pages:

141

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