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Nepal: 2017 Article IV Consultation-Press Release; Staff Report

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  • International Monetary Fund

Abstract

This 2017 Article IV Consultation highlights the rebound of Nepal’s economy following a slowdown caused by the 2015 earthquakes and trade disruptions at the southern border. The growth of real GDP at market prices slowed to 0.6 percent in 2015/16 (mid-July 2015 to mid-July 2016). Due to trade disruption, shortages of fuel and other essential goods drove up inflation to 12 percent (year over year) in January 2016, but it eased subsequently to 3.2 percent in January 2017, mainly because of lower food prices. Growth is projected to reach 5.5 percent in 2016/17, and inflation is expected to undershoot the central bank’s mid-2017 target of 7.5 percent.

Suggested Citation

  • International Monetary Fund, 2017. "Nepal: 2017 Article IV Consultation-Press Release; Staff Report," IMF Staff Country Reports 2017/074, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2017/074
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    Cited by:

    1. Samuel Brazys & Krishna Chaitanya Vadlamannati, 2021. "Aid curse with Chinese characteristics? Chinese development flows and economic reforms," Public Choice, Springer, vol. 188(3), pages 407-430, September.
    2. Talknice Saungweme & Nicholas M. Odhiambo, 2019. "Does Public Debt Impact Economic Growth in Zambia? An Ardl-Bounds Testing Approach," SPOUDAI Journal of Economics and Business, SPOUDAI Journal of Economics and Business, University of Piraeus, vol. 69(4), pages 53-73, October-D.
    3. Saungweme, Talknice & Odhiambo, Nicholas M, 2019. "The impact of debt service on economic growth:Empirical evidence from Zambia," Working Papers 25652, University of South Africa, Department of Economics.
    4. Talknice Saungweme & Nicholas M. Odhiambo, 2020. "The impact of public debt service on economic growth: empirical evidence from Zambia," International Journal of Revenue Management, Inderscience Enterprises Ltd, vol. 11(3), pages 172-189.
    5. Bhatta, Guna Raj & Nepal, Rabindra & Harvie, Charles & Jayanthakumaran, Kankesu, 2022. "Testing for the uncovered interest parity condition in a small open economy: A state space modelling approach," Journal of Asian Economics, Elsevier, vol. 82(C).

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