Nepal: First Review of Three-Year Arrangement Under the Poverty Reduction and Growth Facility and Request for Waiver of Performance Criteria
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Summary:
This paper focuses on Nepal’s First Review of the Three-Year Arrangement Under the Poverty Reduction and Growth Facility (PRGF) and Request for Waiver of Performance Criteria. The difficult political and security situation notwithstanding, the PRGF-supported program is broadly on track. All quantitative targets for the first review were met, and all structural reform measures are expected to be implemented by the Board date, although some actions were completed after the target dates. For 2003/04, real GDP growth is estimated at 3½ percent, in line with the program.
Series:
Country Report No. 2004/329
Subject:
Commercial banks External debt Financial institutions Monetary base Money Public debt Revenue administration
English
Publication Date:
October 21, 2004
ISBN/ISSN:
9781451829921/1934-7685
Stock No:
1NPLEA0012004
Pages:
84
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