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 t
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
Volume/Issue:
Volume 2007
Issue 366
Publication date: November 2007
ISBN: 9781451830101
$20.00
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Banks and Banking , Exports and Imports , Economics- Macroeconomics , Money and Monetary Policy , Public Finance , Public Policy - Social Services and Welfare , 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
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Summary
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.
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