Nepal: Recent Economic Developments
Summary:
This paper reviews economic developments in Nepal during 1990–97. With a new government coming to office in December 1994, progress on structural reforms stalled in 1994/95 and financial policies weakened. GDP growth slowed to 2.9 percent, reflecting adverse conditions in agriculture. The external situation deteriorated further in the first quarter of 1995/96 in part because interest rates in Nepal did not rise in line with rates in India, where monetary policy had tightened. Following a further change in government in September 1995, steps were taken to address the emerging macroeconomic imbalances.
Series:
Country Report No. 1997/062
Subject:
Banking Commercial banks Economic sectors Exports Financial institutions Imports International trade Public sector Tariffs Taxes
English
Publication Date:
August 13, 1997
ISBN/ISSN:
9781451829860/1934-7685
Stock No:
1NPLEA0011997
Pages:
73
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