## IMF Staff Concludes Visit to Nepal

_IMF News, July 27, 2023_

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**Canonical URL:** [IMF Staff Concludes Visit to Nepal](https://www.imf.org/en/news/articles/2023/07/27/pr23276-imf-staff-concludes-visit-to-nepal)

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## Bibliographic details
- Published: July 27, 2023

---

### Mission overview
- Press Release No. 23/276; date: July 27, 2023.
- IMF staff visit conducted in Kathmandu during July 20-26, 2023.
- Team led by Mr. Tidiane Kinda.
- This mission will not result in a Board discussion.
- IMF team held meetings with:
  - Honorable Minister of Finance Dr. Prakash Sharan Mahat
  - Nepal Rastra Bank Governor Mr. Maha Prasad Adhikari
  - National Planning Commission Vice-Chairman Dr. Min Bahadur Shrestha
  - other senior government and central bank officials
  - representatives from the private sector and development partners

### Macroeconomic outlook
- Following an economic slowdown last year, growth is projected to rebound in FY2023/24.
- Inflation is expected to recede.
- The external position will continue to strengthen.
- Cautious and data-driven monetary policy has set an appropriate stance to maintain price and external stability.

### Financial sector stability
- Continued vigilance on banks’ asset quality and stepping up supervisory efforts remain key to preserving financial stability.

### Fiscal policy and public investment
- Prudent execution of the FY2023/24 budget is crucial to secure fiscal sustainability.
- Implementing measures envisaged in the FY2023/24 budget would improve the efficiency of capital expenditure.

### IMF-supported program and next steps
- The authorities’ ongoing efforts in meeting key commitments under the Fund-supported program, with the support of IMF’s technical assistance, are welcome.
- Performance under the program will be formally assessed in the context of the third review of the Extended Credit Facility, which is expected to be undertaken later this year.

### Media and contact
- IMF Communications Department, MEDIA RELATIONS
- PRESS OFFICER: Pemba Sherpa
- Phone: +1 202 623-7100
- Email: MEDIA@IMF.org
- @IMFSpokesperson

*IMF Press Release No. 23/276*

---


## References

- [Nepal and the IMF](http://www.imf.org/external/country/NPL/index.htm)
- [Press Releases](https://www.imf.org/en/news/searchnews)
- [PRESS CENTER](http://presscenter.imf.org/)
- [Fund-supported program](https://www.imf.org/en/Publications/CR/Issues/2023/05/04/Nepal-Staff-Report-for-the-2023-Article-IV-Consultation-First-and-Second-Reviews-Under-the-533075)
- [https://www.imf.org/en/home](https://www.imf.org/en/home)

_Source: https://www.imf.org/en/news/articles/2023/07/27/pr23276-imf-staff-concludes-visit-to-nepal_