Nepal: Selected Issues

International Monetary Fund

No 2010/184, IMF Staff Country Reports from International Monetary Fund

Abstract: Over the past several years, Nepal has pursued a prudent fiscal policy, which has resulted in a significant reduction of public debt as a percentage of GDP. This paper reexamines the fiscal stance in Nepal in light of recent developments. The optimal level of the fiscal deficit is constrained by the need to achieve and sustain a debt-to-GDP ratio with an acceptable level of vulnerability to distress. The debt sustainability analyses (DSA) framework focuses on the net present value (NPV) of external public and publicly guaranteed debt, though public debt is also analyzed.

Keywords: ISCR; CR; Nepal; debt; bank; GDP; deficit; IIR rating; debt intolerance approach; Nepal's debt carrying capacity; promoter share; public debt; Credit; Commercial banks; Nonperforming loans; Real estate prices; Global (search for similar items in EconPapers)
Pages: 27
Date: 2010-07-06
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