Nepal: Staff Report for the 2003 Article IV Consultation
IMF Staff Country Reports, September 5, 2003
Source details
- Canonical URL
- Nepal: Staff Report for the 2003 Article IV Consultation
Other formats
Bibliographic details
- Published: September 5, 2003
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451829914.002
Main findings
- Poverty in Nepal remains pervasive owing to insufficient growth and inadequate targeting under the poverty alleviation programs.
- Executive Directors stressed the need to implement strong fiscal and monetary policies and accelerate structural reforms.
- The report welcomed the Poverty Reduction Strategy Paper (PRSP), social sector development, targeted programs for the poor and deprived groups, and improved governance.
Policy recommendations and emphasis
- Implement strong fiscal policies.
- Implement strong monetary policies.
- Accelerate structural reforms.
- Improve revenue mobilization.
- Prioritize spending.
- Contain domestic borrowing to support economic growth.
- Continue targeted programs for the poor and deprived groups and strengthen social sector development.
Subject areas and keywords
- Subjects: Commercial banks, Economic sectors, Expenditure, External debt, Financial institutions, Public debt, Public sector
- Keywords: Commercial banks, CR, enterprise, governance, governance reform, HMG securities, ISCR, Public sector, real interest rate, reform effort, reform implementation, South Asia, spending, U.S. dollar