Publication:
Nepal Development Update, October 2013

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dc.contributor.authorKruse, Aurélien
dc.contributor.authorBajracharya, Roshan Darshan
dc.contributor.authorMahato, Deb Narayan
dc.date.accessioned2014-01-28T01:08:58Z
dc.date.available2014-01-28T01:08:58Z
dc.date.issued2013-10
dc.description.abstractNepal's political developments continue to overshadow and impede its economic development. Over the short term, whether the scheduled elections are held and, if so, whether they achieve a modicum of consensus will be a major test. Political instability clouded the outlook in FY2013 and remains the principal source of vulnerability going forward. While Nepal's macroeconomic fundamentals remain stable, sources of vulnerability have not disappeared. Although the financial sector has rebuilt strength, it remains an important source of weakness. Important initiatives to improve the governance environment have been taken, but these initiatives can be amplified further. For FY2014, the baseline scenario is a gradual return to trend, with higher growth and sustainable fiscal expansion. While important psychologically and for some sectors of the economy, the recent depreciation of the Nepal rupee is not expected to hold back growth or to threaten macroeconomic stability. While a revision of the peg with India may eventually be warranted, the report agrees with Nepali policy makers that this is not the time when markets are unstable to move impulsively. Instead, such a major policy shift should be based on clear policy objectives and in-depth analysis of likely economic outcomes, including the long-term impact on Nepal's trade competitiveness. The report is structured as follows: chapter one gives summary; chapter two gives recent economic developments; chapter three gives policies and short- to medium-term development challenges; chapter four presents short and medium-term economic projections; chapter five focuses on bank support and activities; and chapter six presents special focus.en
dc.identifierhttp://documents.worldbank.org/curated/en/2013/10/18481147/nepal-development-update
dc.identifier.doi10.1596/16633
dc.identifier.urihttps://hdl.handle.net/10986/16633
dc.languageEnglish
dc.language.isoen_US
dc.publisherWorld Bank, Kathmandu
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo
dc.subjectACCOUNTING
dc.subjectAGGREGATE DEMAND
dc.subjectAMORTIZATION
dc.subjectARBITRAGE
dc.subjectARREARS
dc.subjectASSET
dc.subjectASSET QUALITY
dc.subjectBALANCE OF PAYMENT
dc.subjectBALANCE SHEETS
dc.subjectBANK LENDING
dc.subjectBANKING INDUSTRY
dc.subjectBANKING SECTOR
dc.subjectBILL
dc.subjectBROAD MONEY
dc.subjectBUDGET
dc.subjectBUDGET DEFICIT
dc.subjectBUFFER
dc.subjectBUFFERS
dc.subjectCAPITAL ADEQUACY
dc.subjectCAPITAL FLOW
dc.subjectCAPITAL FLOWS
dc.subjectCAPITAL FORMATION
dc.subjectCAPITAL MARKETS
dc.subjectCAPITAL OUTFLOWS
dc.subjectCAPITAL OUTLAYS
dc.subjectCD
dc.subjectCOMMERCIAL BANKING
dc.subjectCOMMERCIAL BANKS
dc.subjectCONSOLIDATION
dc.subjectCONSUMER GOODS
dc.subjectCONSUMPTION
dc.subjectCONSUMPTION BASKET
dc.subjectCREDIT EXPOSURE
dc.subjectCREDIT GROWTH
dc.subjectCREDIT GUARANTEE
dc.subjectCURRENCIES
dc.subjectCURRENCY
dc.subjectCURRENCY DEPRECIATION
dc.subjectCURRENCY PEG
dc.subjectCURRENCY PEGS
dc.subjectCURRENCY RISK
dc.subjectCURRENCY VALUE
dc.subjectCURRENT ACCOUNT
dc.subjectCURRENT ACCOUNT BALANCE
dc.subjectCURRENT ACCOUNT BALANCES
dc.subjectCURRENT ACCOUNT DEFICITS
dc.subjectCURRENT ACCOUNT POSITION
dc.subjectCURRENT ACCOUNT SURPLUS
dc.subjectDEBT LEVELS
dc.subjectDEBT SERVICE
dc.subjectDEBT SERVICE PAYMENTS
dc.subjectDEBT SERVICES
dc.subjectDEBT SUSTAINABILITY
dc.subjectDEPOSIT
dc.subjectDEPOSITOR
dc.subjectDEPOSITS
dc.subjectDEPRECIATION
dc.subjectDEPRESSED INVESTMENT
dc.subjectDIRECTION OF TRADE
dc.subjectDOLLAR VALUE
dc.subjectDOMESTIC BORROWING
dc.subjectDOMESTIC CONSUMPTION
dc.subjectDOMESTIC CURRENCY
dc.subjectDOMESTIC DEMAND
dc.subjectDOMESTIC GOODS
dc.subjectDOMESTIC PRICE
dc.subjectDOMESTIC PRICES
dc.subjectECONOMIC DEVELOPMENT
dc.subjectECONOMIC DEVELOPMENTS
dc.subjectECONOMIC GROWTH
dc.subjectECONOMY
dc.subjectELASTICITY OF DEMAND
dc.subjectEMERGING MARKET ECONOMIES
dc.subjectEQUILIBRIUM
dc.subjectEQUILIBRIUM LEVELS
dc.subjectEQUITY
dc.subjectEXCHANGE RATE FLUCTUATIONS
dc.subjectEXCHANGE RATE MISALIGNMENT
dc.subjectEXCHANGE RATE PEG
dc.subjectEXCHANGE RATE POLICY
dc.subjectEXCHANGE RATES
dc.subjectEXPORT GROWTH
dc.subjectEXPORTER
dc.subjectEXPORTERS
dc.subjectEXPOSURE
dc.subjectEXTERNAL COMPETITIVENESS
dc.subjectEXTERNAL DEBT
dc.subjectFINANCE
dc.subjectFINANCIAL HEALTH
dc.subjectFINANCIAL INSTITUTIONS
dc.subjectFINANCIAL INTERMEDIATION
dc.subjectFINANCIAL MANAGEMENT
dc.subjectFISCAL BALANCES
dc.subjectFISCAL DEFICIT
dc.subjectFISCAL POLICIES
dc.subjectFISCAL POLICY
dc.subjectFISCAL POSITION
dc.subjectFIXED CAPITAL
dc.subjectFOOD PRICES
dc.subjectFOREIGN ASSETS
dc.subjectFOREIGN CURRENCIES
dc.subjectFOREIGN CURRENCY
dc.subjectFOREIGN CURRENCY RESERVES
dc.subjectFOREIGN DEBT
dc.subjectFOREIGN EXCHANGE
dc.subjectFOREIGN EXCHANGE EARNINGS
dc.subjectFOREIGN EXCHANGE RESERVES
dc.subjectFUTURE
dc.subjectGOLD
dc.subjectGOOD
dc.subjectGOVERNMENT SPENDING
dc.subjectGROWTH RATE
dc.subjectHARD CURRENCY
dc.subjectIMBALANCE
dc.subjectIMBALANCES
dc.subjectIMPORT
dc.subjectIMPORT CONTENT
dc.subjectIMPORT COSTS
dc.subjectIMPORT DEMAND
dc.subjectIMPORT GROWTH
dc.subjectIMPORT PRICES
dc.subjectIMPORTS
dc.subjectINCOME TAX
dc.subjectINDEBTEDNESS
dc.subjectINDEPENDENT MONETARY POLICY
dc.subjectINFLATION
dc.subjectINFLATION EXPECTATIONS
dc.subjectINFLATIONARY PRESSURE
dc.subjectINFLATIONARY PRESSURES
dc.subjectINTEREST
dc.subjectINTEREST INCOME
dc.subjectINTEREST RATES
dc.subjectINVENTORIES
dc.subjectINVESTMENT CLIMATE
dc.subjectINVESTOR
dc.subjectLIABILITIES
dc.subjectLIABILITY
dc.subjectLIQUIDITY
dc.subjectLIQUIDITY CONSTRAINTS
dc.subjectLIQUIDITY MANAGEMENT
dc.subjectLIQUIDITY POSITION
dc.subjectLOAN
dc.subjectLOAN PORTFOLIO
dc.subjectLOAN RECOVERY
dc.subjectLOCAL CURRENCY
dc.subjectMACROECONOMIC STABILITY
dc.subjectMAJOR CURRENCIES
dc.subjectMARKET
dc.subjectMARKET SHARE
dc.subjectMISALIGNMENT
dc.subjectMONETARY AGGREGATES
dc.subjectMONETARY AUTHORITIES
dc.subjectMONETARY POLICY
dc.subjectMONETARY UNIONS
dc.subjectMONEY
dc.subjectNOMINAL DEPRECIATION
dc.subjectNOMINAL EXCHANGE RATE
dc.subjectNON PERFORMING LOAN
dc.subjectNON-PERFORMING LOANS
dc.subjectNPL
dc.subjectOIL PRICES
dc.subjectOTHER CURRENCIES
dc.subjectOUTSTANDING DEBT
dc.subjectOVERVALUATION
dc.subjectPEG
dc.subjectPENSION
dc.subjectPERSONAL INCOME
dc.subjectPOLITICAL INSTABILITY
dc.subjectPOLITICAL STABILITY
dc.subjectPOLITICAL UNCERTAINTY
dc.subjectPOLITICAL VOLATILITY
dc.subjectPOVERTY
dc.subjectPOVERTY REDUCTION
dc.subjectPRICE INCREASES
dc.subjectPRICE MOVEMENTS
dc.subjectPRICE STABILITY
dc.subjectPRIVATE INVESTMENT
dc.subjectPRIVATE INVESTMENTS
dc.subjectPRIVATE SECTOR BANK
dc.subjectPROFIT
dc.subjectPROFITS
dc.subjectPUBLIC DEBT
dc.subjectPUBLIC EXPENDITURE
dc.subjectPUBLIC EXPENDITURES
dc.subjectPUBLIC INVESTMENT
dc.subjectPUBLIC SPENDING
dc.subjectPURCHASING POWER
dc.subjectPURCHASING POWER PARITY
dc.subjectREAL APPRECIATION
dc.subjectREAL DEPRECIATION
dc.subjectREAL EXCHANGE RATE
dc.subjectRECURRENT EXPENDITURES
dc.subjectREGISTRATION FEE
dc.subjectRELATIVE PRICES
dc.subjectREMITTANCE
dc.subjectREMITTANCES
dc.subjectRESERVE
dc.subjectRETAIL PRICE
dc.subjectRETAIL PRICES
dc.subjectRETURN
dc.subjectREVENUE
dc.subjectRISK
dc.subjectRISKS
dc.subjectSAFETY NETS
dc.subjectSECTOR REFORM
dc.subjectSECTOR REFORMS
dc.subjectSHORT-TERM TRADE
dc.subjectSHORTFALLS
dc.subjectSLOWDOWN
dc.subjectSTABLE EXCHANGE RATE
dc.subjectSTOCK
dc.subjectSTRUCTURAL PROBLEMS
dc.subjectSTRUCTURAL REFORMS
dc.subjectSUPPLIES
dc.subjectSUPPLY
dc.subjectSUPPLY-SIDE
dc.subjectSURPLUS
dc.subjectT-BILLS
dc.subjectTAX
dc.subjectTAXES
dc.subjectTOTAL CREDIT
dc.subjectTOTAL DEBT
dc.subjectTOTAL EXPORTS
dc.subjectTOTAL IMPORT
dc.subjectTOTAL IMPORTS
dc.subjectTRADABLE GOODS
dc.subjectTRADE BALANCE
dc.subjectTRADE DEFICIT
dc.subjectTRADE STATISTICS
dc.subjectTRANSPORTATION COSTS
dc.subjectTREASURY
dc.subjectUNCERTAINTIES
dc.subjectUNCERTAINTY
dc.subjectUNDERLYING ASSET
dc.subjectUPWARD PRESSURE
dc.subjectWEIGHT
dc.subjectWORLD PRICES
dc.titleNepal Development Update, October 2013en
dspace.entity.typePublication
okr.date.disclosure2013-11-06
okr.date.doiregistration2025-05-07T09:56:59.116743Z
okr.doctypeEconomic & Sector Work::Economic Updates and Modeling
okr.doctypeEconomic & Sector Work
okr.docurlhttp://documents.worldbank.org/curated/en/2013/10/18481147/nepal-development-update
okr.globalpracticeMacroeconomics and Fiscal Management
okr.globalpracticeFinance and Markets
okr.globalpracticeTrade and Competitiveness
okr.guid764741468288641721
okr.identifier.externaldocumentum000442464_20131106144320
okr.identifier.internaldocumentum18481147
okr.identifier.report82383
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2013/11/06/000442464_20131106144320/Rendered/PDF/823830WP0Nepal0Box0379860B00PUBLIC0.pdfen
okr.region.administrativeSouth Asia
okr.region.countryNepal
okr.topicFinance and Financial Sector Development::Access to Finance
okr.topicFinance and Financial Sector Development::Currencies and Exchange Rates
okr.topicEconomic Theory and Research
okr.topicPrivate Sector Development::Emerging Markets
okr.topicFinance and Financial Sector Development::Debt Markets
okr.topicMacroeconomics and Economic Growth
okr.unitEcon. Policy & Poverty Sector (SASEP)
okr.volume1 of 1
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