Nepal: Selected Issues

International Monetary Fund

No 1996/063, IMF Staff Country Reports from International Monetary Fund

Abstract: This Selected Issues paper highlights that progress on structural reforms in Nepal stalled during 1994/95 while economic performance deteriorated. Real GDP slowed as agriculture output was depressed by a less favorable monsoon, and exports declined as both the carpet and garment sectors faltered. Although the government’s domestic borrowing remained low, rapid growth in private credit financed a surge in imports that in combination with weakening export demand led to a sharp reduction of the external surplus. In 1995/96, economic activity rebounded as favorable weather conditions boosted agricultural output, while inflation performance continued to be satisfactory.

Keywords: ISCR; CR; Nepal; government; enterprise; trade; export; Nepal's export structure; Nepalese rupee; reform program; privatized enterprise; preference margin; capital standard; trade prospect; GSP export; risk exposure; Exports; Commercial banks; Imports; Government securities; Treasury bills and bonds; South Asia (search for similar items in EconPapers)
Pages: 141
Date: 1996-07-18
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