Nepal: Request for Disbursement Under the Rapid Credit Facility
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Summary:
This paper discusses Nepal’s Request for Disbursement Under the Rapid Credit Facility (RCF). Before the April 2015 earthquake, Nepal’s macroeconomic performance was broadly favorable but the government’s weak budget implementation capacity held back growth and propped up the external position. The authorities’ main challenge has been to boost their capacity to plan, prioritize, and implement capital spending. The authorities are requesting financial assistance under the IMF’s RCF to address the urgent balance of payments and fiscal needs associated with the rehabilitation and reconstruction efforts. The IMF staff supports the authorities’ request for a disbursement under the RCF in the amount of SDR 35.65 million.
Series:
Country Report No. 2015/224
Subject:
Budget execution and treasury management Budget planning and preparation Capital budget External debt Public debt Public financial management (PFM)
English
Publication Date:
August 4, 2015
ISBN/ISSN:
9781513510279/1934-7685
Stock No:
1NPLEA2015001
Pages:
49
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