Nepal: First Review of Three-Year Arrangement Under the Poverty Reduction and Growth Facility and Request for Waiver of Performance Criteria
October 21, 2004
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This paper focuses on Nepal’s First Review of the Three-Year Arrangement Under the Poverty Reduction and Growth Facility (PRGF) and Request for Waiver of Performance Criteria. The difficult political and security situation notwithstanding, the PRGF-supported program is broadly on track. All quantitative targets for the first review were met, and all structural reform measures are expected to be implemented by the Board date, although some actions were completed after the target dates. For 2003/04, real GDP growth is estimated at 3½ percent, in line with the program.
Subject: Commercial banks, External debt, Financial institutions, Monetary base, Money, Public debt, Revenue administration
Keywords: broad money, Commercial banks, CR, economic activity, government, ISCR, Monetary base, oil import price, real GDP, riot, South Asia, worker, workers out of Iraq
Pages:
84
Volume:
2004
DOI:
Issue:
329
Series:
Country Report No. 2004/329
Stock No:
1NPLEA0012004
ISBN:
9781451829921
ISSN:
1934-7685
