Nepal Economic Update, April 2014

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collection.link.85
https://openknowledge.worldbank.org/handle/10986/2193
collection.name.85
Economic Updates and Modeling
dc.contributor.author
World Bank
dc.date.accessioned
2014-06-12T20:51:10Z
dc.date.available
2014-06-12T20:51:10Z
dc.date.issued
2014-04
dc.date.lastModified
2021-04-23T14:03:47Z
dc.description.abstract
The 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.
en
dc.identifier
http://documents.worldbank.org/curated/en/2014/04/19405489/nepal-economic-update-special-focus-dealing-excess-liquidity
dc.identifier.uri
http://hdl.handle.net/10986/18653
dc.language
English
dc.language.iso
en_US
dc.publisher
Washington, DC
dc.rights
CC BY 3.0 IGO
dc.rights.uri
http://creativecommons.org/licenses/by/3.0/igo/
dc.subject
ACCESS TO CREDIT
dc.subject
ACCESS TO FINANCE
dc.subject
ACCESS TO FINANCING
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ACCOUNTABILITY
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ACCOUNTING
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AUCTION
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AUDITING
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BALANCE OF PAYMENT
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BALANCE SHEET
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BANK BALANCE SHEETS
dc.subject
BANK LENDING
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BANK LIQUIDITY
dc.subject
BANK RATE
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BANK RATES
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BANKING INDUSTRY
dc.subject
BANKING SECTOR
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BANKING SYSTEM
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BID
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BONDS
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BORROWER
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BROAD MONEY
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BUDGET SURPLUS
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BUDGETING
dc.subject
CAPITAL ADEQUACY
dc.subject
CAPITAL CONSTRAINTS
dc.subject
CAPITAL INVESTMENT
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CAPITAL INVESTMENTS
dc.subject
CAPITAL MARKET
dc.subject
CAPITAL MARKETS
dc.subject
CAPITAL PROJECTS
dc.subject
CENTRAL BANK
dc.subject
CIVIL SERVICE
dc.subject
COMMERCIAL BANKING
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COMMERCIAL BANKS
dc.subject
CONTRACTUAL OBLIGATIONS
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COUNTRY RISKS
dc.subject
CREDIBILITY
dc.subject
CREDIT AVAILABILITY
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CREDIT CRUNCH
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CREDIT EXPANSION
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CREDIT GROWTH
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CREDIT MARKET
dc.subject
CREDIT MARKETS
dc.subject
CREDIT QUALITY
dc.subject
CREDIT RATIONING
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CREDIT SOURCE
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CREDIT WORTHINESS
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CURRENCY
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CURRENT ACCOUNT SURPLUS
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DEBT
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DEBT SOURCE
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DEFAULT RISK
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DEMAND FOR CREDIT
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DEPOSIT
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DEPOSIT MOBILIZATION
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DEPOSITS
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DEVELOPING COUNTRY
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DEVELOPMENT BONDS
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DISBURSEMENTS
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DISINTERMEDIATION
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DOMESTIC CAPITAL
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DOMESTIC CREDIT
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DOMESTIC DEBT
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ECONOMIC DEVELOPMENTS
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ECONOMIC GROWTH
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ECONOMIC POLICY
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ENABLING ENVIRONMENT
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EXCESS LIQUIDITY
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EXCHANGE RATES
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EXPENDITURE
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FINANCIAL CRISIS
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FINANCIAL DEVELOPMENT
dc.subject
FINANCIAL INSTITUTIONS
dc.subject
FINANCIAL MANAGEMENT
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FINANCIAL PERFORMANCE
dc.subject
FINANCIAL STABILITY
dc.subject
FINANCIAL SYSTEM
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FISCAL DISCIPLINE
dc.subject
FOREIGN ASSETS
dc.subject
FOREIGN CAPITAL
dc.subject
FOREIGN CURRENCIES
dc.subject
FOREIGN EXCHANGE
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FOREIGN EXCHANGE RESERVES
dc.subject
FOREIGN EXCHANGE RISK
dc.subject
FORM OF COLLATERAL
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GOVERNMENT BORROWING
dc.subject
GOVERNMENT BUDGET
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HOLDING
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HOME LOANS
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HOUSEHOLD SAVINGS
dc.subject
INCOME TAX
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INDEBTEDNESS
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INFLATION
dc.subject
INFLATIONARY EXPECTATIONS
dc.subject
INFLATIONARY PRESSURE
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INFLATIONARY PRESSURES
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INFORMATION ASYMMETRIES
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INFORMATION SYSTEM
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INFRASTRUCTURE DEVELOPMENT
dc.subject
INTEREST RATE
dc.subject
INTEREST RATE CAPS
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INTEREST RATE SPREAD
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INTEREST RATE VOLATILITY
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INTEREST RATES
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INTERNAL AUDIT
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INTERNATIONAL STANDARDS
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INVESTMENT ACTIVITIES
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INVESTMENT CLIMATE
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INVESTMENT DECISIONS
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INVESTMENT OPPORTUNITIES
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INVESTMENT SPENDING
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INVESTOR CONFIDENCE
dc.subject
LACK OF COMPETITION
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LAND LOCATION
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LAND USE
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LAND VALUE
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LAWS
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LEGAL FRAMEWORK
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LEGISLATION
dc.subject
LENDER
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LENDER OF LAST RESORT
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LENDERS
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LETTERS OF CREDIT
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LEVEL OF INTEREST RATE
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LIQUID ASSETS
dc.subject
LIQUIDITY CONSTRAINTS
dc.subject
LIQUIDITY MANAGEMENT
dc.subject
LOAN
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LOAN PORTFOLIO
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LOANABLE FUNDS
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LOCAL GOVERNMENT
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MACROECONOMIC RISK
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MANDATES
dc.subject
MARKET FAILURES
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MARKET LIQUIDITY
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MARKET SHARE
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MARKET STRUCTURE
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MIDDLEMEN
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MIGRANT WORKERS
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MONETARY AUTHORITIES
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MONETARY FUND
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MONETARY POLICY
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MONEY SUPPLY
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MORTGAGES
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NET LOSSES
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NET PROFIT
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NON PERFORMING LOANS
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OPEN MARKET
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OPEN MARKET OPERATIONS
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OPERATING LOSSES
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PAYMENT DEFAULT
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PERSONAL INCOME
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POLICY RESPONSE
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POLITICAL STABILITY
dc.subject
POLITICAL UNCERTAINTY
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PRICE STABILITY
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PRIVATE COMMERCIAL BANKS
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PRIVATE FINANCE
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PRIVATE FUNDS
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PRIVATE INVESTMENT
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PRIVATE INVESTMENTS
dc.subject
PRIVATE PARTY
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PRIVATE SECTOR CREDIT
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PRODUCTIVE INVESTMENT
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PUBLIC DEBT
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PUBLIC ENTERPRISES
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PUBLIC FINANCES
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PUBLIC INVESTMENT
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PUBLIC INVESTMENTS
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PUBLIC SPENDING
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PUBLIC TRANSPORT
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PUBLIC TRANSPORTATION
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PUSH FACTORS
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REAL ESTATE
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RECAPITALIZATION
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RECURRENT EXPENDITURE
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RECURRENT EXPENDITURES
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REGISTRATION FEE
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REGULATORY FORBEARANCE
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REMITTANCE
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REMITTANCES
dc.subject
REPO
dc.subject
REPOS
dc.subject
RESERVE
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RESERVE ASSETS
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RESERVE REQUIREMENTS
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RESERVES
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RETAINED EARNINGS
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RETURN
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RETURN ON EQUITY
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RETURNS
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REVENUE MOBILIZATION
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RISK MANAGEMENT
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RISK MANAGEMENT SYSTEMS
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RISK PROFILE
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RISK WEIGHTED ASSETS
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RISKY ASSETS
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SAFETY NETS
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SAVINGS BEHAVIOR
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SAVINGS DEPOSITS
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SECURITIES
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SECURITIES MARKET
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SHAREHOLDERS
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SOCIAL SERVICES
dc.subject
SOLVENCY
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STATUTORY REQUIREMENTS
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STOCK MARKET
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STRUCTURAL PROBLEMS
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SUPPLY OF CREDIT
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T-BILL
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T-BILL RATE
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T-BILLS
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TAX ADMINISTRATION
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TAX CODE
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TRADE BALANCE
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TRADING
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TRAFFIC MANAGEMENT
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TRANSPORT
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TREASURY
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TREASURY BILLS
dc.subject
TRUST FUND
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URBANIZATION
dc.subject
VALUATION
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WAGES
dc.subject
WATER SUPPLY
dc.title
Nepal Economic Update, April 2014
en
okr.date.disclosure
2014-04-18
okr.doctype
Economic & Sector Work :: Economic Updates and Modeling
okr.docurl
http://documents.worldbank.org/curated/en/2014/04/19405489/nepal-economic-update-special-focus-dealing-excess-liquidity
okr.globalpractice
Macroeconomics and Fiscal Management
okr.globalpractice
Finance and Markets
okr.googlescholar.linkpresent
yes
okr.identifier.externaldocumentum
000016351_20140418104541
okr.identifier.internaldocumentum
19405489
okr.identifier.report
87099
okr.language.supported
en
okr.pdfurl
http://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2014/04/18/000016351_20140418104541/Rendered/PDF/870990WP00Box30epal0economic0update.pdf
en
okr.region.administrative
South Asia
okr.region.country
Nepal
okr.topic
Finance and Financial Sector Development :: Access to Finance
okr.topic
Banks and Banking Reform
okr.topic
Economic Theory and Research
okr.topic
Finance and Financial Sector Development :: Debt Markets
okr.topic
Finance and Financial Sector Development :: Currencies and Exchange Rates
okr.topic
Macroeconomics and Economic Growth
okr.unit
Governance & Public Sector (SASGP)
okr.volume
1 of 1

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