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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May 1, 2023

Despite weakening external demand and monetary tightening, domestic demand has so far remained strong, with China’s reopening providing fresh impetus. IMF Asia and the Pacific remains a dynamic region despite the somber backdrop of what looks to be shaping up as a challenging year for the world economy. Global growth is poised to decelerate as rising interest rates and Russia’s war in Ukraine weigh on activity. Inflation remains stubbornly high, and banking strains in the United States and Europe have injected greater uncertainty into an already complex economic landscape. Asia’s domestic demand has so far remained strong despite monetary tightening, while external appetite for technology products and other exports is weakening. We project the region will contribute around 70 percent of global growth this year as its expansion accelerates to 4.6 percent from 3.8 percent in last year. China’s reopening will provide fresh momentum. Normally the strongest effect would be from demand for investment goods in China, but this time the biggest effect is from demand for consumption. Other emerging economies in the region are on track to enjoy solid growth, though in some cases at slightly lower rates than seen last year.
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