Nepal : First Review of Three-Year Arrangement Under the Poverty Reduction and Growth Facility and Request for Waiver of Performance Criteria

International Monetary Fund

doi:10.5089/9781451829921.002

Nepal : First Review of Three-Year Arrangement Under the Poverty Reduction and Growth Facility and Request for Waiver of Performance Criteria

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Journal Issue

Volume/Issue:: 2004/329
Series:: IMF Staff Country Reports
Author(s):: International Monetary Fund
Publisher:: INTERNATIONAL MONETARY FUND
Published Date:: October 2004
DOI:: http://dx.doi.org/10.5089/9781451829921.002
ISBN:: 9781451829921
ISSN:: 1934-7685
Page:: 84

This paper focuses on Nepal's First Review of the Three-Year Arrangement Under the Poverty Reduction and Growth Facility (PRGF) and Request for Waiver of Performance Criteria. The difficult political and security situation notwithstanding, the PRGF-supported program is broadly on track. All quantitative targets for the first review were met, and all structural reform measures are expected to be implemented by the Board date, although some actions were completed after the target dates. For 2003/04, real GDP growth is estimated at 31/2 percent, in line with the program.

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Nepal: First Review of Three-Year Arrangement Under the Poverty Reduction and Growth Facility and Request for Waiver of Performance Criteria--Staff Report; Staff Statement; and Press Release on the Executive Board Discussion