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Mount Everest: View of Everest from Kala Patthar in Nepal

Mount Everest: View of Everest from Kala Patthar in Nepal

Nepal Resident Representative Site

Resident Representative Office in Nepal

This web page presents information about the work of the IMF in Nepal, including the activities of the IMF Resident Representative Office. Additional information can be found on the Nepal and IMF country page, including IMF reports and Executive Board documents that deal with Nepal.

IMF-JICA High-Level Conference on Economic Transformation and Inclusive Growth in Frontier Asia

Japan International Cooperation Agency - JICA International Monetary Fund - IMF

The International Monetary Fund (IMF) and the Japan International Cooperation Agency (JICA) held a conference on January 28, 2013, in Bangkok, Thailand, to discuss how Frontier Asia can move up the development ladder while ensuring that growth and jobs creation benefits all segments of society.
The conference was addressed by IMF Deputy Managing Director Naoyuki Shinohara, and included ministers, central bank governors and senior officials from Bangladesh, Bhutan, Cambodia, Lao PDR, Maldives, Mongolia, Myanmar, Nepal, Timor-Leste, and Vietnam. The Kyrgyz Republic also participated, and Bank of Thailand Governor Prasarn Trairatvorakul offered opening remarks.
Conference website: www.imf.org/frontierasia (includes papers presented).
See also: Conference program and press release.

News — Highlights

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Nepal's Fiscal Cliff

Op-ed by Todd Schneider, IMF Mission Chief, published in the Republica, March 20, 2013 click for more

Economic Outlook for India and Nepal in Global Context

Presentation by Thomas Richardson, Senior IMF Resident Representative, at the South Asian Institute of Management in Kathmandu on March 13, 2013 click for more

Break the cycle: Nepal needs to combat low growth and research shows that political consensus is key

Op-ed by Todd Schneider, IMF Mission Chief, published in the Kathmandu Post, January 15, 2013 click for more

Nepal: 2012 IMF Article IV Consultation and Recent Economic Developments and Outlook

Press Briefing by Thomas Richardson, Senior Resident Representative, December 20, 2012 click for more

Nepal: Recent Economic Developments and Outlook

Presentation by Thomas Richardson, Senior IMF Resident Representative for India and Nepal, November 28, 2012 click for more

Nepal and the IMF

Press Release: Statement by IMF Deputy Managing Director Naoyuki Shinohara at the Conclusion of his Visit to Nepal

November 22, 2013

Keynote Speech by Naoyuki Shinohara at the 49th SEACEN Governors' Conference and High-Level Seminar

November 21, 2013

Statement by the Hon. Shanker Prasad Koirala, Governor of the World Bank Group for Nepal

October 11, 2013
PDF File Size: 464Kb click for more

IMF Concludes Staff Visit to Nepal

October 4, 2013

Press Release: IMF Concludes Staff Visit to Nepal

February 8, 2013

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Regional Economic Outlook: Asia and Pacific

image from the publication cover

Asia has not been spared by the recent re-pricing of financial assets in emerging markets, encountering a wave of capital outflows in the past few months. The overall impact has, so far, been manageable although some countries have been subject to greater stress. Tighter global liquidity— and homegrown structural impediments in some countries—will weigh on growth, but for most economies the impact should be partly offset by a gradual pickup in exports to advanced economies and resilient domestic demand. If, however, conditions tighten further we are likely to see even greater differentiation across the region. Those with strong fundamentals and policy credibility will be able to offset imported tightening through lower policy rates and fiscal support. Others that have delayed reforms, left fiscal vulnerabilities untackled, or tolerated too-high inflation may be forced to respond with a procyclical policy tightening. Announcing credible medium-term reforms would rebuild confidence and ease policy trade-offs. Click for more

Scam Alert

Fraudulent Scam Emails Using the Name of the IMF

We would like to bring to the notice of the general public that several variants of financial scam letters purporting to be sanctioned by the International Monetary Fund (IMF) or authored by high ranking IMF officials are currently in circulation, and may appear on official letterhead containing the IMF logo. The scam letters instruct potential victims to contact the IMF for issuance of a “Certificate of International Capital Transfer” or other forms of approval, to enable them receives large sums of monies as beneficiaries. The contact e-mail information is always BOGUS and unsuspecting individuals are then requested to send their personal banking details which the scammers utilize for their fraudulent activities.

Contrary to what is stated in these scam e-mails, letters, or phone conversations, the IMF does NOT authorize, verify, monitor, or assist in contract or inheritance payments between third parties and/or Governments, nor does it endorse the activities of any bank, financial institution, or other public or private agency. For purposes of clarification, the IMF is an inter-governmental organization whose transactions and operations are carried out directly with its member countries.

If you have already received such e-mails, you are advised to terminate all further contacts with the scammers, and, in the event that you have sent them funds, contact your local law enforcement agency immediately. If you are resident in the United States, you can also file a complaint with the US Federal Bureau of Investigation (FBI), through the following website: http://www.ic3.gov/default.aspx.

Additional general information on scam e-mails may be found at the following websites:
1) http://www.lookstoogoodtobetrue.com/
2) http://www.treas.gov/press/releases/js1130.htm

Resident Representative for Nepal

Thomas Richardson, Senior Resident Representative
Thomas Richardson
Senior Resident Representative
c/o Nepal Rastra Bank
Central Office
Baluwatar, Kathmandu
Telephone: 977-1-441-1977
Fax:977-1-441-1673
E-mail: RR-NPL@imf.org