Publication: Nepal : 2000 Economic Update
Date
2000-03-27
ISSN
Published
2000-03-27
Author(s)
World Bank
Abstract
The report is one of the documents in
support of discussions for an upcoming Nepal Development
Forum meeting, and, updates the macroeconomic development,
and performance of related key areas of the economy,
specifically, the period following the last economic update
of November 1997, focusing on the provision of an overall
framework for the reform agenda. The study reviews the
economic growth of the country, which, despite certain
growth, enabled by a series of reforms in the late eighties,
has slowed down in recent years, largely due to political
instability. Consequently, economic performance has been
unsatisfactory, with almost no progress in reducing poverty,
nor in addressing structural reforms. Forceful actions to
accelerate economic development are recommended, namely, to
improve public resource management, by changing the role of
the public sector, towards the improvement of public
expenditures, and revenue reforms. Furthermore, it is
necessary to provide a level playing field for the private
sector vis-e-vis public enterprises, enhancing
competitiveness, and, most importantly, to establish the
rule of law, in support of private sector activities.
Conclusions address critical issues, such as financial
sector reforms, institutional capacity building,
decentralization, and the promotion of ownership, and participation.
Link to Data Set
Citation
“World Bank. 2000. Nepal : 2000 Economic Update. © Washington, DC. http://hdl.handle.net/10986/15139 License: CC BY 3.0 IGO.”