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Nepal: Background Paper

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  • International Monetary Fund

Abstract

This Background Paper on Nepal highlights that during 1993/94, overall economic performance was generally favorable. Real GDP grew by nearly 7 percent, largely owing to the good monsoon that helped boost agricultural output significantly above the low levels recorded in the previous year. Inflation remained stable at about 9 percent, closely following price developments in India. Reflecting the substantial improvement in government revenue collections, net domestic financing of the budget deficit was contained at 1 percent of GDP.

Suggested Citation

  • International Monetary Fund, 1995. "Nepal: Background Paper," IMF Staff Country Reports 1995/063, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:1995/063
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