Nepal: Request for Disbursement Under the Rapid Credit Facility

International Monetary Fund

No 2015/224, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper discusses Nepal’s Request for Disbursement Under the Rapid Credit Facility (RCF). Before the April 2015 earthquake, Nepal’s macroeconomic performance was broadly favorable but the government’s weak budget implementation capacity held back growth and propped up the external position. The authorities’ main challenge has been to boost their capacity to plan, prioritize, and implement capital spending. The authorities are requesting financial assistance under the IMF’s RCF to address the urgent balance of payments and fiscal needs associated with the rehabilitation and reconstruction efforts. The IMF staff supports the authorities’ request for a disbursement under the RCF in the amount of SDR 35.65 million.

Keywords: ISCR; CR; authority; reconstruction effort; debt; real GDP; disbursement of SDR; Nepal authorities; discussion of Nepal; policy advice; executive board's approval; Budget planning and preparation; Capital budget; Budget execution and treasury management; Asia and Pacific (search for similar items in EconPapers)
Pages: 49
Date: 2015-08-04
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.imf.org/external/pubs/cat/longres.aspx?sk=43173 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:imf:imfscr:2015/224

Ordering information: This working paper can be ordered from
http://www.imf.org/external/pubs/pubs/ord_info.htm

Access Statistics for this paper

More papers in IMF Staff Country Reports from International Monetary Fund International Monetary Fund, Washington, DC USA. Contact information at EDIRC.
Bibliographic data for series maintained by Akshay Modi ().