Nepal: Request for a Three-Year Arrangement Under the Poverty Reduction and Growth Facility
November 21, 2003
Download PDF
More Formats on IMF eLibrary
Order a Print CopySummary
Nepal’s public debt-to-GDP ratio is set to decline from 68 percent of GDP at end-2002–03 over the medium term. The 2003–04 budget makes a start in implementing the medium-term fiscal strategy. Government spending will be redirected to social sectors, for poverty alleviation, and be better prioritized. Monetary policy would remain geared to supporting the exchange rate peg to the Indian rupee. Further steps are envisaged to strengthen the Nepal Rastra Bank (NRB), improve the banking environment, and restructure commercial and development banks.
Subject: Banking, Budget planning and preparation, Economic sectors, Expenditure, External debt, Public debt, Public financial management (PFM), Public sector
Keywords: arrivals data, Budget planning and preparation, CR, executive board discussion, Global, inflation rate, inflation rate in mid-September, ISCR, Nepal's Poverty Reduction Strategy Paper, poverty, Public sector, revenue growth, staff appraisal
Pages:
77
Volume:
2003
DOI:
Issue:
360
Series:
Country Report No. 2003/360
Stock No:
1NPLEA0042003
ISBN:
9781451829983
ISSN:
1934-7685
