Nepal: Staff Report for the 2002 Article IV Consultation

International Monetary Fund

No 2002/205, IMF Staff Country Reports from International Monetary Fund

Abstract: This 2002 Article IV Consultation highlights that Nepal’s real GDP growth is estimated to have slowed to 0.8 percent in 2001/02 from 5 percent in the previous year (fiscal year ending mid-July). Agricultural growth slowed to less than 2 percent from more than 4 percent, reflecting irregular rainfall. The output of nonagricultural sectors was largely stagnant, with manufacturing and tourism sectors particularly hit hard by the domestic security situation as well as the global slowdown. Inflation was subdued at about 3 percent, reflecting weak domestic demand and stable Indian prices for most of the year.

Keywords: ISCR; CR; government; authorities' poverty reduction objective; anti-money laundering regime; regime; poverty; authorities' poverty alleviation program; Nepalese authorities; design of policy initiative; public expenditure; Public sector; Public enterprises; Exports; Commercial banks; Budget planning and preparation; Global; Asia and Pacific (search for similar items in EconPapers)
Pages: 56
Date: 2002-09-24
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Citations: View citations in EconPapers (11)

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