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Nepal, 2010 Article IV Consultation and Request for Disbursement Under the Rapid Credit Facility - Staff Report; Staff Supplements; Public Information Notice on the Executive Board Discussion; Press Release on the Executive Board Discussion; and Statement by the Alternate Executive Director and Advisor for Nepal, International Monetary Fund

After years of macroeconomic stability, the global crisis is having a substantial, albeit somewhat delayed, impact on Nepal’s economy and exposing its structural weaknesses. Although the Nepalese rupee appears modestly overvalued, maintaining the peg should remain a key near-term policy objective. Risks in the financial sector are coming to a head and need to be addressed urgently. The Nepal Rastra Bank (NRB)’s recent directives are welcome, but enforcement is crucial to their effectiveness. Bank licensing policy needs to be tightened, banking sector consolidation incentivized, and state-controlled bank reform tackled
Table Of Contents
Cover; Contents; I. Staff Appraisal and Summary; II. Context: Economic Challenges in the Midst of a Major Political Transition; III. Recent Economic Developments and Outlook: After Years of Macroeconomic Stability, Risks are Rising; Boxes; 1. Nepal's Remittances: Trends and Projections; IV. Policy Discussions: Managing External and Financial Sector Risks; A. Monetary and Exchange Rate Policy; 2. Exchange Rate Assessment; B. Financial Sector Reform; 3. Risks to Financial Stability; C. Fiscal Policy; D. Structural Reform; E. Request for a Disbursement Under the Rapid Credit Facility
Literary Form
non fiction
First edition.
Description based upon print version of record
Physical Description
1 online resource (88 p.)
Specific Material Designation
Form Of Item

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