Nepal: 2008 Article IV Consultation: Staff Report; Staff Supplement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Nepal
June 11, 2008
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Limited progress has been made in addressing Nepal’s structural weaknesses in tax administration and public financial management. Macroeconomic performance under the recent Poverty Reduction and Growth Facility (PRGF)-supported program has been stable. The outlook for 2007–08 remains stable. Although the macroeconomic performance has been stable, progress on structural reforms has been held back by the fragile political circumstances. Public enterprises and the Nepal Oil Corporation, in particular, pursue quasi-fiscal activities involving significant subsidies. Nepal’s growth prospects depend most importantly on a peaceful political transition.
Subject: Banking, Budget planning and preparation, External debt, Inflation, International trade, Prices, Public debt, Public financial management (PFM), Trade balance
Keywords: Budget planning and preparation, CR, credit growth, debt, GDP, Global, government, government finances, growth prospect, Inflation, ISCR, Nepal, Nepalese authorities, net present value, PRGF program, real GDP, Trade balance
Pages:
61
Volume:
2008
DOI:
Issue:
181
Series:
Country Report No. 2008/181
Stock No:
1NPLEA2008001
ISBN:
9781451830118
ISSN:
1934-7685
