Nepal Economic Update, April 2014

dc.creatorWorld Bank
dc.date2014-06-12T20:51:10Z
dc.date2014-06-12T20:51:10Z
dc.date2014-04
dc.date.accessioned2026-07-01T00:50:36Z
dc.descriptionThe enabling environment for the development of Nepal has improved, but opportunities need to be effectively leveraged through focused policy action. Nepal has significant resources in the form of remittances from abroad, but the economy cannot use these resources in a productive manner to enhance the overall welfare of all citizens. Specific priorities for development include: (1) creating a growth promotion vision and agenda; (2) resolution of Nepal's "fiscal paradox"; (3) boosting investments; and (4) tackling enduring financial sector risks and managing excess. After a difficult year in FY13, the economy is poised to recover, albeit modestly. In FY13, Nepal achieved only modest growth of 3.6 percent. This was due largely to poor performance of the agricultural sector as well as very modest levels of industrial activity. Nepal s internal and external balances are sound but not for the right reasons. Low expenditure and robust revenue growth accounted for a large budget surplus and declining debt. Nepal s external position is comfortable because of large remittance inflows. On the external side, Nepal has benefited from the depreciation of the rupee but also - and much more significantly - from a sharp further increase in inward remittances which are expected to amount to over 30 percent of GDP in FY14. Monetary policy has sought to achieve a delicate equilibrium between controlling inflation and supporting economic activity but the optimal balance may evolve and call for corrections. For FY14, the outlook is cautiously optimistic. As remittances have become a defining feature of the Nepali economy the country must learn to manage excess liquidity.
dc.formatapplication/pdf
dc.formattext/plain
dc.identifierhttp://documents.worldbank.org/curated/en/2014/04/19405489/nepal-economic-update-special-focus-dealing-excess-liquidity
dc.identifierhttps://hdl.handle.net/10986/18653
dc.identifierhttps://doi.org/10.1596/18653
dc.identifier.urihttp://hdl.handle.net/123456789/411827
dc.languageEnglish
dc.languageen_US
dc.publisherWashington, DC
dc.rightsCC BY 3.0 IGO
dc.rightshttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectACCESS TO CREDIT
dc.subjectACCESS TO FINANCE
dc.subjectACCESS TO FINANCING
dc.subjectACCOUNTABILITY
dc.subjectACCOUNTING
dc.subjectAUCTION
dc.subjectAUDITING
dc.subjectBALANCE OF PAYMENT
dc.subjectBALANCE SHEET
dc.subjectBANK BALANCE SHEETS
dc.subjectBANK LENDING
dc.subjectBANK LIQUIDITY
dc.subjectBANK RATE
dc.subjectBANK RATES
dc.subjectBANKING INDUSTRY
dc.subjectBANKING SECTOR
dc.subjectBANKING SYSTEM
dc.subjectBID
dc.subjectBONDS
dc.subjectBORROWER
dc.subjectBROAD MONEY
dc.subjectBUDGET SURPLUS
dc.subjectBUDGETING
dc.subjectCAPITAL ADEQUACY
dc.subjectCAPITAL CONSTRAINTS
dc.subjectCAPITAL INVESTMENT
dc.subjectCAPITAL INVESTMENTS
dc.subjectCAPITAL MARKET
dc.subjectCAPITAL MARKETS
dc.subjectCAPITAL PROJECTS
dc.subjectCENTRAL BANK
dc.subjectCIVIL SERVICE
dc.subjectCOMMERCIAL BANKING
dc.subjectCOMMERCIAL BANKS
dc.subjectCONTRACTUAL OBLIGATIONS
dc.subjectCOUNTRY RISKS
dc.subjectCREDIBILITY
dc.subjectCREDIT AVAILABILITY
dc.subjectCREDIT CRUNCH
dc.subjectCREDIT EXPANSION
dc.subjectCREDIT GROWTH
dc.subjectCREDIT MARKET
dc.subjectCREDIT MARKETS
dc.subjectCREDIT QUALITY
dc.subjectCREDIT RATIONING
dc.subjectCREDIT SOURCE
dc.subjectCREDIT WORTHINESS
dc.subjectCURRENCY
dc.subjectCURRENT ACCOUNT SURPLUS
dc.subjectDEBT
dc.subjectDEBT SOURCE
dc.subjectDEFAULT RISK
dc.subjectDEMAND FOR CREDIT
dc.subjectDEPOSIT
dc.subjectDEPOSIT MOBILIZATION
dc.subjectDEPOSITS
dc.subjectDEVELOPING COUNTRY
dc.subjectDEVELOPMENT BONDS
dc.subjectDISBURSEMENTS
dc.subjectDISINTERMEDIATION
dc.subjectDOMESTIC CAPITAL
dc.subjectDOMESTIC CREDIT
dc.subjectDOMESTIC DEBT
dc.subjectECONOMIC DEVELOPMENTS
dc.subjectECONOMIC GROWTH
dc.subjectECONOMIC POLICY
dc.subjectENABLING ENVIRONMENT
dc.subjectEXCESS LIQUIDITY
dc.subjectEXCHANGE RATES
dc.subjectEXPENDITURE
dc.subjectFINANCIAL CRISIS
dc.subjectFINANCIAL DEVELOPMENT
dc.subjectFINANCIAL INSTITUTIONS
dc.subjectFINANCIAL MANAGEMENT
dc.subjectFINANCIAL PERFORMANCE
dc.subjectFINANCIAL STABILITY
dc.subjectFINANCIAL SYSTEM
dc.subjectFISCAL DISCIPLINE
dc.subjectFOREIGN ASSETS
dc.subjectFOREIGN CAPITAL
dc.subjectFOREIGN CURRENCIES
dc.subjectFOREIGN EXCHANGE
dc.subjectFOREIGN EXCHANGE RESERVES
dc.subjectFOREIGN EXCHANGE RISK
dc.subjectFORM OF COLLATERAL
dc.subjectGOVERNMENT BORROWING
dc.subjectGOVERNMENT BUDGET
dc.subjectHOLDING
dc.subjectHOME LOANS
dc.subjectHOUSEHOLD SAVINGS
dc.subjectINCOME TAX
dc.subjectINDEBTEDNESS
dc.subjectINFLATION
dc.subjectINFLATIONARY EXPECTATIONS
dc.subjectINFLATIONARY PRESSURE
dc.subjectINFLATIONARY PRESSURES
dc.subjectINFORMATION ASYMMETRIES
dc.subjectINFORMATION SYSTEM
dc.subjectINFRASTRUCTURE DEVELOPMENT
dc.subjectINTEREST RATE
dc.subjectINTEREST RATE CAPS
dc.subjectINTEREST RATE SPREAD
dc.subjectINTEREST RATE VOLATILITY
dc.subjectINTEREST RATES
dc.subjectINTERNAL AUDIT
dc.subjectINTERNATIONAL STANDARDS
dc.subjectINVESTMENT ACTIVITIES
dc.subjectINVESTMENT CLIMATE
dc.subjectINVESTMENT DECISIONS
dc.subjectINVESTMENT OPPORTUNITIES
dc.subjectINVESTMENT SPENDING
dc.subjectINVESTOR CONFIDENCE
dc.subjectLACK OF COMPETITION
dc.subjectLAND LOCATION
dc.subjectLAND USE
dc.subjectLAND VALUE
dc.subjectLAWS
dc.subjectLEGAL FRAMEWORK
dc.subjectLEGISLATION
dc.subjectLENDER
dc.subjectLENDER OF LAST RESORT
dc.subjectLENDERS
dc.subjectLETTERS OF CREDIT
dc.subjectLEVEL OF INTEREST RATE
dc.subjectLIQUID ASSETS
dc.subjectLIQUIDITY CONSTRAINTS
dc.subjectLIQUIDITY MANAGEMENT
dc.subjectLOAN
dc.subjectLOAN PORTFOLIO
dc.subjectLOANABLE FUNDS
dc.subjectLOCAL GOVERNMENT
dc.subjectMACROECONOMIC RISK
dc.subjectMANDATES
dc.subjectMARKET FAILURES
dc.subjectMARKET LIQUIDITY
dc.subjectMARKET SHARE
dc.subjectMARKET STRUCTURE
dc.subjectMIDDLEMEN
dc.subjectMIGRANT WORKERS
dc.subjectMONETARY AUTHORITIES
dc.subjectMONETARY FUND
dc.subjectMONETARY POLICY
dc.subjectMONEY SUPPLY
dc.subjectMORTGAGES
dc.subjectNET LOSSES
dc.subjectNET PROFIT
dc.subjectNON PERFORMING LOANS
dc.subjectOPEN MARKET
dc.subjectOPEN MARKET OPERATIONS
dc.subjectOPERATING LOSSES
dc.subjectPAYMENT DEFAULT
dc.subjectPERSONAL INCOME
dc.subjectPOLICY RESPONSE
dc.subjectPOLITICAL STABILITY
dc.subjectPOLITICAL UNCERTAINTY
dc.subjectPRICE STABILITY
dc.subjectPRIVATE COMMERCIAL BANKS
dc.subjectPRIVATE FINANCE
dc.subjectPRIVATE FUNDS
dc.subjectPRIVATE INVESTMENT
dc.subjectPRIVATE INVESTMENTS
dc.subjectPRIVATE PARTY
dc.subjectPRIVATE SECTOR CREDIT
dc.subjectPRODUCTIVE INVESTMENT
dc.subjectPUBLIC DEBT
dc.subjectPUBLIC ENTERPRISES
dc.subjectPUBLIC FINANCES
dc.subjectPUBLIC INVESTMENT
dc.subjectPUBLIC INVESTMENTS
dc.subjectPUBLIC SPENDING
dc.subjectPUBLIC TRANSPORT
dc.subjectPUBLIC TRANSPORTATION
dc.subjectPUSH FACTORS
dc.subjectREAL ESTATE
dc.subjectRECAPITALIZATION
dc.subjectRECURRENT EXPENDITURE
dc.subjectRECURRENT EXPENDITURES
dc.subjectREGISTRATION FEE
dc.subjectREGULATORY FORBEARANCE
dc.subjectREMITTANCE
dc.subjectREMITTANCES
dc.subjectREPO
dc.subjectREPOS
dc.subjectRESERVE
dc.subjectRESERVE ASSETS
dc.subjectRESERVE REQUIREMENTS
dc.subjectRESERVES
dc.subjectRETAINED EARNINGS
dc.subjectRETURN
dc.subjectRETURN ON EQUITY
dc.subjectRETURNS
dc.subjectREVENUE MOBILIZATION
dc.subjectRISK MANAGEMENT
dc.subjectRISK MANAGEMENT SYSTEMS
dc.subjectRISK PROFILE
dc.subjectRISK WEIGHTED ASSETS
dc.subjectRISKY ASSETS
dc.subjectSAFETY NETS
dc.subjectSAVINGS BEHAVIOR
dc.subjectSAVINGS DEPOSITS
dc.subjectSECURITIES
dc.subjectSECURITIES MARKET
dc.subjectSHAREHOLDERS
dc.subjectSOCIAL SERVICES
dc.subjectSOLVENCY
dc.subjectSTATUTORY REQUIREMENTS
dc.subjectSTOCK MARKET
dc.subjectSTRUCTURAL PROBLEMS
dc.subjectSUPPLY OF CREDIT
dc.subjectT-BILL
dc.subjectT-BILL RATE
dc.subjectT-BILLS
dc.subjectTAX ADMINISTRATION
dc.subjectTAX CODE
dc.subjectTRADE BALANCE
dc.subjectTRADING
dc.subjectTRAFFIC MANAGEMENT
dc.subjectTRANSPORT
dc.subjectTREASURY
dc.subjectTREASURY BILLS
dc.subjectTRUST FUND
dc.subjectURBANIZATION
dc.subjectVALUATION
dc.subjectWAGES
dc.subjectWATER SUPPLY
dc.titleNepal Economic Update, April 2014

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