Nepal : Request for Disbursement Under the Rapid Credit Facility

Author/Editor:

International Monetary Fund. Asia and Pacific Dept

Publication Date:

August 4, 2015

Electronic Access:

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Summary:

This paper discusses Nepal’s Request for Disbursement Under the Rapid Credit Facility (RCF). Before the April 2015 earthquake, Nepal’s macroeconomic performance was broadly favorable but the government’s weak budget implementation capacity held back growth and propped up the external position. The authorities’ main challenge has been to boost their capacity to plan, prioritize, and implement capital spending. The authorities are requesting financial assistance under the IMF’s RCF to address the urgent balance of payments and fiscal needs associated with the rehabilitation and reconstruction efforts. The IMF staff supports the authorities’ request for a disbursement under the RCF in the amount of SDR 35.65 million.

Series:

Country Report No. 15/224

Subject:

English

Publication Date:

August 4, 2015

ISBN/ISSN:

9781513510279/1934-7685

Stock No:

1NPLEA2015001

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

49

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