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Nepal 2014 Article Iv Consultation Staff Report Press Release And Statement By The Executive Director For Nepal

Nepal  2014 Article IV Consultation Staff Report  Press Release  and Statement by the Executive Director for Nepal PDF

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Author: International Monetary Fund. Asia and Pacific Dept
Publisher: International Monetary Fund
ISBN: 1498338143
Size: 24.54 MB
Format: PDF
Category : Business & Economics
Languages : un
Pages : 68
View: 3663


KEY ISSUES Context: Successful elections for a new Constituent Assembly and formation of a new government have stabilized the political situation. Macroeconomic situation and outlook: Nepal’s macroeconomic situation remains broadly favorable. Growth is projected to recover in 2013/14 owing to good monsoons, robust growth in services, and increased public spending. Inflation is moderating, in line with developments in India. High remittance inflows are supporting a strong external position, as well as high reserve money growth. Risks to the outlook are slightly tilted to the downside, involving slower-than-expected growth in countries hosting Nepali workers and domestic financial sector risks. Medium term prospects: While remittances are expected to continue to support the external position, the outlook for growth depends on improving the environment for private investment. This requires a decisive boost in public capital spending, and structural reforms in key areas. Financial sector: Despite progress, significant vulnerabilities remain. The recent assessment under the FSAP, Nepal’s first, raised concerns about asset quality and interconnectedness, as well as financial sector infrastructure—including the legal framework—and supervision and crisis preparedness. At the same time, a largely unsupervised cooperatives sector is growing rapidly. Key policy recommendations: Monetary policy should aim at controlling the volatility and level of excess reserves in the financial system, implying a modest tightening of monetary conditions. The exchange rate peg to the Indian rupee provides a useful nominal anchor for the economy, and the real exchange rate is broadly in line with fundamentals. Capital spending needs to be boosted to provide key infrastructure, and reforms implemented to support private investment, which will help generate sustained economic growth and employment opportunities. In the financial sector, further reforms to bolster regulation and supervision, and improve financial infrastructure are needed to reduce risk and increase access to finance.

Nepal

Nepal PDF

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Author:
Publisher:
ISBN:
Size: 11.93 MB
Format: PDF, ePub, Docs
Category : Economic development
Languages : un
Pages : 61
View: 3093


KEY ISSUES Context: Nepal has been trapped in a low-investment, low-growth equilibrium. The authorities' aim is to graduate from least-developed country status within 7 years. Macroeconomic situation and outlook: The earthquakes in April and May have held back growth. Together with the recent unrest and disruptions to trade routes, they also pushed up inflation. Growth is expected to gradually rebound as economic activity recovers and reconstruction gains momentum. High remittance inflows are supporting a strong external position, as well as high broad money growth. The outlook is subject to considerable downside risk, involving continued political and economic instability and slower-than-expected growth of government capital spending. Medium-term prospects: While remittances are expected to continue to support the external position, the outlook for growth depends importantly on the authorities' reform efforts. Experience in other fragile states shows that natural disasters can have permanent effects on potential growth. This underscores the importance of a decisive boost to public capital spending and reforms to strengthen the business climate. Key policy recommendations: Fiscal policy needs to support post-earthquake reconstruction and medium-term growth through higher public investment. Stronger public financial management (PFM) will be key to the swift and efficient implementation of higher capital spending. Along with efforts to improve the business climate, this should support private investment needed to generate sustained higher economic growth and employment opportunities. The exchange rate peg to the Indian rupee provides a useful nominal anchor to the economy, and the real exchange rate is broadly in line with fundamentals. Money growth should be contained to a level consistent with supporting the peg. The monetary operations framework needs to be strengthened to put the central bank in a position to better control the growth of broad money in the face of strong inflows of remittances and aid. Financial sector reforms should continue to focus on bolstering regulation and supervision, and improving financial infrastructure, to reduce risk and increase access to finance.

Nepal

Nepal PDF

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Author:
Publisher:
ISBN: 9781513562247
Size: 37.91 MB
Format: PDF, ePub, Docs
Category : Economic development
Languages : un
Pages : 61
View: 765


KEY ISSUES Context: Nepal has been trapped in a low-investment, low-growth equilibrium. The authorities' aim is to graduate from least-developed country status within 7 years. Macroeconomic situation and outlook: The earthquakes in April and May have held back growth. Together with the recent unrest and disruptions to trade routes, they also pushed up inflation. Growth is expected to gradually rebound as economic activity recovers and reconstruction gains momentum. High remittance inflows are supporting a strong external position, as well as high broad money growth. The outlook is subject to considerable downside risk, involving continued political and economic instability and slower-than-expected growth of government capital spending. Medium-term prospects: While remittances are expected to continue to support the external position, the outlook for growth depends importantly on the authorities' reform efforts. Experience in other fragile states shows that natural disasters can have permanent effects on potential growth. This underscores the importance of a decisive boost to public capital spending and reforms to strengthen the business climate. Key policy recommendations: Fiscal policy needs to support post-earthquake reconstruction and medium-term growth through higher public investment. Stronger public financial management (PFM) will be key to the swift and efficient implementation of higher capital spending. Along with efforts to improve the business climate, this should support private investment needed to generate sustained higher economic growth and employment opportunities. The exchange rate peg to the Indian rupee provides a useful nominal anchor to the economy, and the real exchange rate is broadly in line with fundamentals. Money growth should be contained to a level consistent with supporting the peg. The monetary operations framework needs to be strengthened to put the central bank in a position to better control the growth of broad money in the face of strong inflows of remittances and aid. Financial sector reforms should continue to focus on bolstering regulation and supervision, and improving financial infrastructure, to reduce risk and increase access to finance.

Maldives 2014 Article Iv Consultation Staff Report Press Release And Statement By The Executive Director For The Maldives

Maldives  2014 Article IV Consultation Staff Report  Press Release  and Statement by the Executive Director for the Maldives PDF

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Author: International Monetary Fund. Asia and Pacific Dept
Publisher: International Monetary Fund
ISBN: 1498364756
Size: 68.90 MB
Format: PDF, ePub, Docs
Category : Business & Economics
Languages : en
Pages : 73
View: 432


This 2014 Article IV Consultation highlights that Maldives’ real economy has picked up. Growth is estimated to have reached 5 percent in 2014 with stronger tourism activity driven by a rapid expansion from Asian markets and a tepid recovery from Europe. The IMF staff expects growth to be about 5 percent in 2015. Weaker import prices have pushed down inflation to low levels. Growth is expected to remain relatively strong in the near term, though the fiscal adjustment envisaged in the 2015 Budget will have a mildly negative effect on growth.

Mongolia 2013 Article Iv Consultation Staff Report Press Release And Statement By The Executive Director For Mongolia

Mongolia  2013 Article IV Consultation Staff Report  Press Release and Statement by the Executive Director for Mongolia PDF

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Author: International Monetary Fund. Asia and Pacific Dept
Publisher: International Monetary Fund
ISBN: 1484327896
Size: 68.24 MB
Format: PDF, ePub, Mobi
Category : Business & Economics
Languages : en
Pages : 75
View: 3946


This 2013 Article IV Consultation highlights economic developments and policies of Mongolia between 2003 and 2013. The resulting balance-of-payments (BOP) pressures have been compounded by negative shocks to foreign direct investment (FDI) and coal exports. The IMF report analyzes that various banking sector vulnerabilities and weaknesses in the business climate need to be addressed to steady the progress of the economy. Launch of new investment law is important to be introduced by the government to improve the business climate and encourage FDI inflows.

World Economic Outlook April 2019

World Economic Outlook  April 2019 PDF

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Author: International Monetary Fund. Research Dept.
Publisher: International Monetary Fund
ISBN: 1498313485
Size: 58.17 MB
Format: PDF, ePub, Docs
Category : Political Science
Languages : en
Pages : 216
View: 3767


After strong growth in 2017 and early 2018, global economic activity slowed notably in the second half of last year, reflecting a confluence of factors affecting major economies. China’s growth declined following a combination of needed regulatory tightening to rein in shadow banking and an increase in trade tensions with the United States. The euro area economy lost more momentum than expected as consumer and business confidence weakened and car production in Germany was disrupted by the introduction of new emission standards; investment dropped in Italy as sovereign spreads widened; and external demand, especially from emerging Asia, softened. Elsewhere, natural disasters hurt activity in Japan. Trade tensions increasingly took a toll on business confidence and, so, financial market sentiment worsened, with financial conditions tightening for vulnerable emerging markets in the spring of 2018 and then in advanced economies later in the year, weighing on global demand. Conditions have eased in 2019 as the US Federal Reserve signaled a more accommodative monetary policy stance and markets became more optimistic about a US–China trade deal, but they remain slightly more restrictive than in the fall.

Records Of The General Conference Seventeenth Session Paris 17 October To 21 November 1972

Records of the General Conference  Seventeenth Session  Paris  17 October to 21 November  1972 PDF

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Author: Unesco. General Conference
Publisher:
ISBN: 9789231011566
Size: 13.25 MB
Format: PDF, Mobi
Category :
Languages : en
Pages :
View: 6290



                                                             PDF

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Author: Gagliardone, Iginio
Publisher:
ISBN: 9236000401
Size: 12.12 MB
Format: PDF
Category :
Languages : ar
Pages : 72
View: 7116



Cambio Climatico

Cambio Climatico PDF

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Author: Organisation météorologique mondiale
Publisher: Geneva : United Nations Office at Geneva, Languages Service, Terminology and Technical Documentation Section
ISBN:
Size: 57.92 MB
Format: PDF, ePub
Category : Cambios climáticos
Languages : en
Pages : 143
View: 7771



                              PDF

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Author: أمين معلوف
Publisher:
ISBN: 9789947211960
Size: 13.97 MB
Format: PDF, Docs
Category : Ethnicity
Languages : ar
Pages : 231
View: 7739



                  PDF

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Author: هنريك إبسن
Publisher: دار المحرر الأدبي
ISBN: 9776669123
Size: 34.59 MB
Format: PDF, ePub, Docs
Category :
Languages : ar
Pages :
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هي مسرحية تدور أحداثها في بلدة ساحلية، جنوبي النرويج، حيث تتسم الصلات بين أفرادها بالرِّباط الأُسري، وتتجسد الأواصر النَّفعية بين سكان هذه البلدة في شخوصٍ بعينهم؛ كصاحب المدبغة، والمطبعة ورئيس تحرير جريدة «رسول الشعب» التي تصدر في البلدة وتشكل الرأي العام لسكانها. وتدور المسرحية حول إشكالية رئيسة؛ هي الاستغلال وتضليل الرأي العام من أجل الحصول على ما يسمى بالحمامات السياحية، والعلاجية في هذه البلدة، ويتجلَّى في هذه الفكرة الاستغلالية إيثار المنفعة الشخصية على المنفعة العامة، والتحكم في مصادر الأموال، وزيادة نفوذ رجال الأحزاب، وإشكالية أخري فرعية يلفت الكاتب النظر إليها وهي مظاهر البزخ والترف التي تُضِرُ باقتصاديات البلاد؛ مما يهدد الطبقات الدنيا في هذه البلدة، وتسليط الضوء على مثل هذا النوع من القضايا طبيعةٌ ميزت هذا الكاتب على مدار تاريخه الروائي.

Khiy R T Sa Bah

Khiy  r  t sa  bah PDF

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Author: Hillary Rodham Clinton
Publisher:
ISBN: 9789953888521
Size: 57.90 MB
Format: PDF, ePub, Docs
Category : Presidents' spouses
Languages : en
Pages : 583
View: 5860



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