Nepal: 2015 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Nepal

International Monetary Fund

No 2015/317, IMF Staff Country Reports from International Monetary Fund

Abstract: This 2015 Article IV Consultation highlights that the earthquakes in April and May and protests and trade disruptions following the promulgation of a new constitution in September have exacerbated the macroeconomic policy challenges facing the Nepalese economy. Real GDP growth is estimated to have decelerated to 3.4 percent in 2014/15 (mid-July 2014 to mid-July 2015) from 5.5 percent in 2013/14. Growth is expected to gradually rebound to about 5.5 percent by 2016/17, as economic activity recovers from the earthquake and reconstruction gains momentum. Inflation is projected to rise to about 8.5 percent over the next 12 months. The medium-term outlook depends importantly on the authorities’ reform efforts.

Keywords: ISCR; CR; authority; petroleum product; trade disruption; report; growth; inflation pressure; earthquake reconstruction spending; fuel shortage; Current account; Budget planning and preparation; Budget execution and treasury management; Remittances; Global; South Asia; Asia and Pacific (search for similar items in EconPapers)
Pages: 61
Date: 2015-11-18
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