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.

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At a Glance: Nepal's Relations with the IMF

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News and Highlights

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Photos of DMD Zhang visiting to Nepal in November 2017

  • Tao Zhang meeting Nepal Central Bank Governor

    Tao Zhang meeting Nepal Central Bank Governor

  • Tao Zhang meeting the Finance Minister of Nepal

    Tao Zhang meeting the Finance Minister of Nepal

  • Tao Zhang meeting the Finance Minister of Nepal

    Tao Zhang meeting the Finance Minister of Nepal

  • Tao Zhang touring Lomus Pharma factory

    Tao Zhang touring Lomus Pharma factory

  • DMD Zhang delivering a presentation in an interactive session with authorities and representatives of business association and academia.

    DMD Zhang delivering a presentation in an interactive session with authorities and representatives of business association and academia.

  • Tao Zhang with children of Maiti Nepal

    Tao Zhang with children of Maiti Nepal

  • Tao Zhang touring Lomus Pharma factory

    Tao Zhang touring Lomus Pharma factory

  • Tao Zhang handing over the Fund’s Civic Fund donation to Maiti

    Tao Zhang handing over the Fund’s Civic Fund donation to Maiti

  • Tao Zhang visiting Maiti

    Tao Zhang visiting Maiti

  • Tao Zhang meeting Nepal Central Bank Governor

    Tao Zhang meeting Nepal Central Bank Governor

  • Tao Zhang enjoying a presentation by children of Maiti Nepal, along with founder Anuradha Koirala

  • Tao Zhang welcomed at Maiti Nepal by founder Anuradha Koirala and Executive Director Bishwo Ram Khadka

    Tao Zhang welcomed at Maiti Nepal by founder Anuradha Koirala and Executive Director Bishwo Ram Khadka

  • IMF team in front of IMF office

  • Tao Zhang visiting Bhaktapur

    Tao Zhang visiting Bhaktapur

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Nepal and the IMF

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October 13, 2023

Challenges to Sustaining Growth and Disinflation

The Asia-Pacific region remains a key driver of global growth in 2023, despite facing headwinds from changing global demand from goods to services and tighter monetary policies. The region is expected to grow by 4.6 percent in 2023, up from 3.9 percent in 2022. However, growth is projected to slow to 4.2 percent in 2024 and 3.9 percent in the medium term, as China's structural slowdown (Chapter 3 explains) and lower productivity growth in many other economies dampen the region's potential. Inflation is expected to decline in 2024 and stay within central bank target ranges in most countries, a faster pace of disinflation than in other regions (Chapter 2 explains.) Risks to the outlook have become more balanced than they were six months ago, although they still lean to the downside.
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