Nepal: Fifth Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility, and Request for Waivers for Nonobservance of Performance Criteria: Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Nepal

International Monetary Fund

No 2007/366, IMF Staff Country Reports from International Monetary Fund

Abstract: The staff report for the Fifth Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility (PGRF) highlights Nepal’s economic outcomes and macroeconomic policies. Financing needs and logistics of the peace process pose continuing challenges. Macroeconomic stability remains intact, but the speed of structural reform implementation has been slow. Macroeconomic policies remain anchored and the authorities are aware of the need for further structural reforms. Financial sector reforms can help improve intermediation and financial stability.

Keywords: ISCR; CR; growth facility; Three-Year arrangement; request for waivers for nonobservance of performance criteria; Three-Year; request; PRGF arrangement; PRGF loan; Poverty reduction strategy; Monetary base; Global (search for similar items in EconPapers)
Pages: 50
Date: 2007-11-16
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