Nepal: Request for a Three-Year Arrangement Under the Poverty Reduction and Growth Facility
IMF Staff Country Reports, November 21, 2003
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- Nepal: Request for a Three-Year Arrangement Under the Poverty Reduction and Growth Facility
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Bibliographic details
- Published: November 21, 2003
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451829983.002
Public debt and fiscal outlook
- 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 initiates implementation of the medium-term fiscal strategy.
Budget priorities and expenditure reallocation
- Government spending will be redirected to social sectors and for poverty alleviation.
- Spending will be better prioritized.
Monetary policy stance
- Monetary policy would remain geared to supporting the exchange rate peg to the Indian rupee.
Financial sector and institutional reforms
- Further steps are envisaged to strengthen the Nepal Rastra Bank (NRB).
- Measures will aim to improve the banking environment.
- Plans include restructuring commercial and development banks.
Subject coverage and keywords (as presented)
- Subjects: 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.
International Monetary Fund. "Nepal: Request for a Three-Year Arrangement Under the Poverty Reduction and Growth Facility", November 21, 2003.
Content in this bundle
- Nepal: Real, Fiscal, Monetary, and External Sector Developments