- Nepal will have access to about $52 million in financing once the review is formally approved by IMF Executive Board
- Following a strong post-pandemic recovery, Nepal's real GDP growth is softening, reflecting the impact of external shocks and necessary policy adjustments.
- The much-needed monetary policy tightening last year helped stabilise the external position and is contributing to lower inflation, while the recent mid-year budget review is expected to address near-term fiscal risks stemming from lower-than-expected revenue growth.
- Sustainable medium-term growth will require fiscal reforms in line with debt sustainability, advancing reforms on banking regulations and supervision, reducing the cost of doing business and barriers to FDI and enhancing governance.
- CBIFIN officials, IMF reps discuss current economic situation of Nepal
- NRB Governor stresses reforms in Nepali economy at IMF conference
- Finance Minister Sharma leads Nepali delegation at WB Group, IMF annual meetings
- Nepal’s trade deficit crosses Rs 825bn in 6 months: DoC
- Nepal’s consumer price inflation remains at 7.26%: NRB data
Published Date: March 1, 2023, 12:00 am
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