Nepal: Staff Report for the 2003 Article IV Consultation
Volume/Issue:
Volume 2003
Issue 283
Publication date: September 2003
ISBN: 9781451829914
$20.00
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Banks and Banking , Exports and Imports , Economics- Macroeconomics , Public Finance , ISCR , CR , reform implementation , enterprise , governance reform , governance , spending , reform effort , U , S , dollar , real interest rate , HMG securities , Public sector , Commercial banks , South Asia
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Summary
Poverty in Nepal remains pervasive owing to insufficient growth and inadequate targeting under the poverty alleviation programs. Executive Directors stressed the need to implement strong fiscal and monetary policies and accelerate structural reforms. They welcomed the Poverty Reduction Strategy Paper (PRSP), social sector development, targeted programs for the poor and deprived groups, and improved governance. They emphasized the need to improve revenue mobilization, prioritize spending, and contain domestic borrowing for economic growth.
