Nepal: Request for an Arrangement Under the Extended Credit Facility -Press Release; Staff Report; Debt Sustainability Analysis; Staff Supplement; Statement by the Executive Director for Nepal

January 27, 2022

Preview Citation

Format: Chicago

Nepal: Request for an Arrangement Under the Extended Credit Facility -Press Release; Staff Report; Debt Sustainability Analysis; Staff Supplement; Statement by the Executive Director for Nepal, (USA: International Monetary Fund, 2022) accessed November 21, 2024

Summary

The COVID-19 pandemic severely impacted Nepal’s economy. Tourist arrivals collapsed, domestic activity plummeted, and remittances have been volatile. As a result, balance of payments and fiscal financing gaps emerged. After growth was lower than expected in 2019/20, a gradual resumption in economic activity and a corresponding surge in imports and related tax receipts led to higher growth and improved fiscal outturns in 2020/21. However, important fiscal and external financing needs remain to support the COVID-19 response, facilitate a continued recovery, and maintain a comfortable level of reserves.

Subject: Asset and liability management, COVID-19, Debt relief, External debt, Financial regulation and supervision, Health, International organization, Monetary policy, Public debt

Keywords: Consumer price inflation, COVID-19, Debt relief, ECF arrangement, Financing gap, Global, Import surge, November data, Procurement contract

Publication Details

Pages:

102
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2022/024
Stock No:

1NPLEA2022001
ISBN:

9798400200380
ISSN:

1934-7685

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