Nepal : Recent Economic Developments

Author/Editor:

International Monetary Fund

Publication Date:

August 13, 1997

Summary:

This paper reviews economic developments in Nepal during 1990–97. With a new government coming to office in December 1994, progress on structural reforms stalled in 1994/95 and financial policies weakened. GDP growth slowed to 2.9 percent, reflecting adverse conditions in agriculture. The external situation deteriorated further in the first quarter of 1995/96 in part because interest rates in Nepal did not rise in line with rates in India, where monetary policy had tightened. Following a further change in government in September 1995, steps were taken to address the emerging macroeconomic imbalances.

Series:

Country Report No. 97/62

Subject:

English

Publication Date:

August 13, 1997

ISBN/ISSN:

9781451829860/1934-7685

Stock No:

1NPLEA0011997

Price:

$15.00 (Academic Rate:$15.00)

Format:

Paper

Pages:

73

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