IMF Staff Country Reports

Nepal: 2008 Article IV Consultation: Staff Report; Staff Supplement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Nepal

Publication Date:

June 11, 2008

Electronic Access:

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Summary:

Limited progress has been made in addressing Nepal’s structural weaknesses in tax administration and public financial management. Macroeconomic performance under the recent Poverty Reduction and Growth Facility (PRGF)-supported program has been stable. The outlook for 2007–08 remains stable. Although the macroeconomic performance has been stable, progress on structural reforms has been held back by the fragile political circumstances. Public enterprises and the Nepal Oil Corporation, in particular, pursue quasi-fiscal activities involving significant subsidies. Nepal’s growth prospects depend most importantly on a peaceful political transition.

Series:

Country Report No. 2008/181

Subject:

Banking Budget planning and preparation External debt Inflation International trade Prices Public debt Public financial management (PFM) Trade balance

Frequency:

Biannually