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Nepal: Selected Issues

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  • International Monetary Fund

Abstract

Over the past several years, Nepal has pursued a prudent fiscal policy, which has resulted in a significant reduction of public debt as a percentage of GDP. This paper reexamines the fiscal stance in Nepal in light of recent developments. The optimal level of the fiscal deficit is constrained by the need to achieve and sustain a debt-to-GDP ratio with an acceptable level of vulnerability to distress. The debt sustainability analyses (DSA) framework focuses on the net present value (NPV) of external public and publicly guaranteed debt, though public debt is also analyzed.

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  • International Monetary Fund, 2010. "Nepal: Selected Issues," IMF Staff Country Reports 2010/184, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2010/184
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    1. van der Mensbrugghe, Dominique & Osorio Rodarte, Israel & Burns, Andrew & Baffes, John, 2009. "How to feed the world in 2050: Macroeconomic environment, commodity markets - A longer temr outlook," MPRA Paper 19019, University Library of Munich, Germany.
    2. International Monetary Fund, 2008. "Nepal: Selected Issues," IMF Staff Country Reports 2008/182, International Monetary Fund.
    3. Jon Frye, 2000. "Depressing recoveries," Emerging Issues, Federal Reserve Bank of Chicago, issue Oct.
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