Nepal: Staff Report for the 2001 Article IV Consultation

International Monetary Fund

No 2001/172, IMF Staff Country Reports from International Monetary Fund

Abstract: Nepal showed satisfactory macroeconomic performance despite difficult political circumstances. Executive Directors welcomed the comprehensive program of structural reforms that aimed at poverty reduction, and stressed the need for prudent macroeconomic policies. They appreciated the authorities' strategy to address the negative net worth of the two largest banks, and strengthen the financial sector. They encouraged the authorities to maintain an open trade and investment regime, encourage access to world banks, implement the recommendations of the IMF's multisector statistics mission, and improve the macroeconomic database.

Keywords: ISCR; CR; new land reform law; alcohol restriction; land reform; staff appraisal; government; IMF staff estimate; central bank; IMF surveillance overthe; Budget planning and preparation; Commercial banks; Monetary base; South Asia; Global (search for similar items in EconPapers)
Pages: 50
Date: 2001-10-03
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