European Parliament Library

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

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
Table Of Contents
Cover; Contents; I. Economic Developments and Outlook; A. Background; B. Economic Developments; C. Outlook and Risks; II. Policies to Promote External Stability; A. Maintaining the Favorable Macroeconomic Environment; Boxes; 1. The Role of Remittances in Nepal's Balance of Payments; B. Strengthening the Financial Sector; 2. The State of Nepal's Financial Sector; III. Staff Appraisal; Figure; 1. Regional Comparators; Tables; 1. Selected Economic Indicators, 2003/04-2007/08; 2. Summary of Government Operations, 2006/07-2012/13; 3. Monetary Accounts, 2003/04-2007/08
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (62 p.)
Specific Material Designation
Form Of Item

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