Franklin

Nepal [electronic resource] : Staff Report for the 2012 Article IV Consultation.

Author/Creator:
International Monetary Fund
Publication:
Washington, D.C. : International Monetary Fund, 2013.
Series:
IMF eLibrary
IMF Staff Country Reports; Country Report No. 12/326.
IMF Staff Country Reports; Country Report No. 12/326
Format/Description:
Government document
Book
1 online resource (82 p.)
Local subjects:
Accounting framework.
Agricultural development bank.
Article IV consultation reports.
Bank assets.
Bank balance sheet.
Bank capacity.
Bank closure.
Bank credit.
Bank lending.
Bank liquidity.
Bank loans.
Bank shares.
Bank soundness.
Banking.
Banking crises.
Banking crisis.
Banking sector.
Banking sector assets.
Banking sector distress.
Banking sector problems.
Banking supervision.
Banking system.
Banks balance sheets.
Capital adequacy.
Capital adequacy ratio.
Capital base.
Capital budget.
Capital expenditure.
Debt sustainability analysis.
Deposit guarantee.
Deposit insurance.
Deposit insurance scheme.
Economic indicators.
Excess liquidity.
Financial assets.
Financial institutions.
Financial sector.
Fiscal policy.
Foreign exchange.
Interbank market.
Investment spending.
Loan classification.
Loan loss provision.
Macroeconomic stability.
Monetary policy.
Overvaluation.
Portfolio investment.
Present value.
Public information notices.
Recapitalization.
Regulatory forbearance.
Return on assets.
Return on equity.
Spillovers.
Staff Reports.
Stock market.
Tier 1 capital.
India.
Nepal.
Summary:
Nepal is a post-conflict state seeking to formalize democracy in a challenging environment. Significant headway toward a new state has been made since the 2006 peace accord. Progress on a range of technical issues (including public financial management, monetary policy, and financial sector supervision) has also been achieved. However, the failure of the constituent assembly to meet an end-May 2012 deadline to ratify a new constitution is a serious setback, and a major impediment to macroeconomic management and prospects for growth. The subsequent dismissal of the constituent assembly in June 2012 has left day-to-day operations in the hands of a caretaker government. New elections are notionally slated for April 2013, but will require fractured political parties to agree on an interim consensus government. In the meantime, key articles of legislation (such as the government budget) have been delayed. More broadly, the lack of a consensus government and functioning parliament appear to be dampening investment (foreign and domestic), keeping potential donor support at bay, and undermining prospects for sensitive financial sector and state enterprise reforms.
Notes:
Description based on print version record.
Contributor:
International Monetary Fund
Other format:
Print Version:
ISBN:
1475555474:
9781475555479
ISSN:
1934-7685
Publisher Number:
10.5089/9781475555479.002
Access Restriction:
Restricted for use by site license.
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