## 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](https://www.imf.org/en/publications/cr/issues/2016/12/30/nepal-staff-report-for-the-2003-article-iv-consultation-16861)

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## Bibliographic details
- Published: September 5, 2003
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451829914.002

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### 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

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_Source: https://www.imf.org/en/publications/cr/issues/2016/12/30/nepal-staff-report-for-the-2003-article-iv-consultation-16861_