Nepal: 2017 Article IV Consultation-Press Release; Staff Report

March 27, 2017

Preview Citation

Format: Chicago

Nepal: 2017 Article IV Consultation-Press Release; Staff Report, (USA: International Monetary Fund, 2017) accessed November 25, 2024

Summary

This 2017 Article IV Consultation highlights the rebound of Nepal’s economy following a slowdown caused by the 2015 earthquakes and trade disruptions at the southern border. The growth of real GDP at market prices slowed to 0.6 percent in 2015/16 (mid-July 2015 to mid-July 2016). Due to trade disruption, shortages of fuel and other essential goods drove up inflation to 12 percent (year over year) in January 2016, but it eased subsequently to 3.2 percent in January 2017, mainly because of lower food prices. Growth is projected to reach 5.5 percent in 2016/17, and inflation is expected to undershoot the central bank’s mid-2017 target of 7.5 percent.

Subject: Banking, Budget planning and preparation, Credit, Expenditure, External debt, Money, Public debt, Public financial management (PFM)

Keywords: Asia and Pacific, Budget planning and preparation, CR, Credit, Credit growth, Exchange rate, Financing, GDP deflator, GDP ratio, Global, Growth, Growth dividend, Growth of remittance, ISCR, Medium-term growth, Nepalese rupee, Nepali authorities, Real GDP, South Asia

Publication Details

Pages:

73
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2017/074
Stock No:

1NPLEA2017001
ISBN:

9781475589009
ISSN:

1934-7685

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